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HELP The Polaris Company uses a job-order costing system. The following transoctions occurred in October: a. Row materiels purchased on account. $211,000 b. Raw materials

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The Polaris Company uses a job-order costing system. The following transoctions occurred in October: a. Row materiels purchased on account. $211,000 b. Raw materials used in production. $188,000 ( $150,400 direct moterials and $37,600 indirect materiais) c. Accrued direct labor cost of $49,000 and indirect labor cost of $20,000. d. Depreciation recorded on factory equipment $104,000. e. Other manufacturing overhead costs accrued during October, $129,000. 1. The company applies manufacturing overhead cost to production using a predetermined rote of $6 per mochine-hour. A total of 76,300 machine-hours were used in October. 9. Jobs costing $513,000 occording 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 ot 22% obove 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 bolance in each occount, assuming that Work in Process has a beginning balance of $36.000 Complete this question by entering your answers in the tabs below. Compute the ending bolance in each account, assuming that Work in Process has o beginning balance of $36.000 Complete this question by entering your answers in the tabs below. Prepare T-sccounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balan each account, assuming that Work in Process has a beginning balance of $36,000. Journal entry worksheet

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