1.

2.

3.

What am I missing in the third screenshot?

The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $192,000 ($153,600 direct materials and $38,400 indirect materials). c. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $106.000. e. Other manufacturing overhead costs accrued during October, $131,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,100 machine-hours were used in October. 9. Jobs costing $512,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $448,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% above cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34,000. No Transaction General Journal Credit Debit 210,000 1 a. Raw materials Accounts payable 210,000 N 2 b. Work in process Manufacturing overhead Raw materials 153,600 38,400 192,000 3 c. Work in process Manufacturing overhead Salaries and wages payable 49,000 21,000 70,000 4 d. 106,000 Manufacturing overhead Accumulated depreciation 106,000 5 e. 131,000 Manufacturing overhead Accounts payable 131,000 6 f. Work in process 684,900 Manufacturing overhead 684,900 7 9. 512,000 Finished goods Work in process 512,000 8 h(1). 448,000 Cost of goods sold Finished goods 448,000 9 h(2) 573,440 Accounts receivable Sales 573,440 Work in Process Beg. Bal. b. 512,000 9. c. Manufacturing Overhead 684,900. 38.400 21,000 106.000 131,000 388,500 d. e. End. Bal. b. c. it. 153,600 49.000 684.900 End. Bal. 375,500