4 Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107-were worked on duringNovember and December. Job 105 was completed on December 10; the other two jobs were still in production on December 31, theend of the company's operating year. Data from the job cost sheets of the three jobs follow:November costs incurred:Direct materialsDirect labourManufacturing overheadDecember costs incurred:Direct materialsDirect labourManufacturing overheadJob Cost SheetJob 105 Job 106 Job 107Raw MaterialsWork in ProcessFinished Goods$18,700 $11,500 $$15,200 $ 9,200 $$22,800 $13,800 $000$0 $9,300 $ 25,700$ 5,650 $ 7,100 $ 12,200???The following additional information is available:a. Manufacturing overhead is applied to jobs on the basis of direct labour cost.b. Balances in the inventory accounts at November 30 were as follows:$46,600?$96,000Required:1. Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead. Enter the November 30inventory balances given above; in the case of Work in Process, compute the November 30 balance and enter it into the Work inProcess T-account.

Name: 4 Kenworth Company uses a job-order costing system. Only three jobs-Jo
Uploaded: 2024-03-20T06:32:49.000Z
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Description: 4 Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107-were worked on duringNovember and December. Job 105 was completed on December 10; the other two jobs were still in production on December 31, theend of