4-26 JOB COSTING, JOURNAL ENTRIES, T-ACCOUNTS, SOURCE DOCUMENTS. Production Company produces gadgets for the coveted small appliance market. The following data reflect activity for the most recent year: A table titled, Costs incurred. 4.3-41 Full Alternative Text Beginning and ending inventories for the year were as follows: Beginning and ending inventories table. 4.3-42 Full Alternative Text Production Company uses a normal job-costing system and allocates overhead to work-in-process at a rate of $2.50 per direct manufacturing labour dollar. Indirect materials are insignificant, so there is no inventory account for indirect materials. Required Prepare journal entries to record the transactions for the year, including an entry to close out over- or undera