Exercise 3-5 Journal Entries and T-accounts [LO3-1, L03-2] The Polaris Company uses a job-order costing system. The following transactions occurred in October D Raw materials bses n production sto0000 91s2.000 direct materials hd se b. Raw materials used in production, $190,000 ($152,000 direct materials and $38,000 indirect materials). c Accrued direct labor cost of $49,000 and indirect labor cost of $22,000 d. Depreciation recorded on factory equipment, $104,000 e. Other manufacturing overhead costs accrued during October, $129,000 f. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76.200 machine-hours were used in October g. Jobs costing $510,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $451,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 40% above cost. equired: ompute the ending balance in each accou re journal entries to record the transactions given above. g Overhead and Work in Process. Post the relevant transactions from above to each account nt, assuming that Work in Process has a beginning balance of $36,000. Complete this question by entering your answers in the tabs below