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i have everything need the last one h(2) also need help with this below The Polaris Company uses a job-order costing system. The following transactions

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i have everything need the last one h(2)
image text in transcribed
image text in transcribed
also need help with this below
image text in transcribed
The Polaris Company uses a job-order costing system. The following transactions occurred October: a. Raw materials purchased on account, $20,000. 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 $20.000. d. Depreciation recorded on factory equipment. $105,000. e. Other manufacturing overhead costs accrued during October, $130,000. . The company applies manufacturing overhead cost to production using a predetermined rate of $5 per machine-hour. A total of 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 $449.000 to complete according to their job cost sheets were shipped to customers during the month. These Jobs were sold on account at 34% above cost. Required: 1. Prepare foumal 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 211.000 1 a. Raw materials Accounts payable 211.000 tul b Work in process Manufacturing overhead Raw materials 152,000 38,000 190,000 c. Work in process Manufacturing overhead Salaries and wages payable 49,000 20,000 69,000 4 d. 105,000 Manufacturing overhead Accumulated depreciation 105,000 5 e. 130,000 Manufacturing overhead Accounts payable 130,000 a f. 783.000 Work in process Manufacturing overhead 763,000 N 7 9 885,600 Accounts receivable Sales 865,600 8 h(1) 512.000 Cost of goods sold Finished goods 512.000

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