Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job...
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Kenworth Company uses a joborder costing system. Only three jobsJob Job and Job were worked on during November and December. Job was completed on December ; the other two jobs were still in production on December the end of the company's operating year. Data from the job cost sheets of the three jobs follow: 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 were as follows: Required: Prepare Taccounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead. Enter the November inventory balances given above; in the case of Work in Process, compute the November balance and enter it into the Work in Process Taccount.
Kenworth Company uses a joborder costing system. Only three jobsJob Job and Job were worked on during
November and December. Job was completed on December ; the other two jobs were still in production on December the
end of the company's operating year. Data from the job cost sheets of the three jobs follow:
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 were as follows:
Required:
Prepare Taccounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead. Enter the November
inventory balances given above; in the case of Work in Process, compute the November balance and enter it into the Work in
Process Taccount.
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