EXERCISE 3-5 Journal Entries and T-accounts LO3-1, LO3-2 The Polaris Company uses a job-order costing system. The following transactions occurred in a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $190,000 ($178.000 direct materials and $12,000 indir materials). c. Accrued direct labor cost of $90,000 and indirect labor cost of $110,000. d. Depreciation recorded on factory equipment, $40,000. e. Other manufacturing overhead costs accrued during October, $70,000. 1. The company applies manufacturing overhead cost to production using a predetermined rate $8 per machine-hour. A total of 30,000 machine-hours were used in October. g. Jobs costing $520,000 according to their job cost sheets were completed during October transferred to Finished Goods. h. Jobs that had cost $480,000 to complete according to their job cost sheets were shipped to custo 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 transa from above to each account. Compute the ending balance in each account, assuming that W Process has a beginning balance of $42,000. 4. Is the transition of Jews and Irish from the non-White to White category surprising to you? Brodkin also discusses the transformations of Mexicans to White then back again. Were you aware of these changes? In addition to those listed in this chapter, what other changes in race occurred within the U.S. Census categorizations