Che Polaris Company uses a job-order costing system. The following transactions occurred in October Raw materials purchased on account. $210,000 - Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials). Accrued direct labor cost of $90,000 and indirect labor cost of $110,000. 3. Depreciation recorded on factory equipment, $40,000 2. Other manufacturing overhead costs accrued during October $70,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 30,000 machine hours were used in October 9 Jobs costing $520,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $480,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 25% 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 $42,000