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Im not sure where I went wrong The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased

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The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $189,000 ( $151,200 direct materials and $37,800 indirect materials). c. Accrued direct labor cost of $49,000 and indirect labor cost of $22,000. d. Depreciation recorded on factory equipment, $106,000. e. Other manufacturing overhead costs accrued during October, $131,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,300 machine-hours were used in October. g. Jobs costing $514,000 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 30% 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 $33,000. Prenarn tnurnal entries to record the transactions given above. (If no entry is required for a transaction/event, select "No jou Complete this question by entering your answers in the tabs below. Prepare T-accounts for Manufacturing Overhead and Work in Process, Post the relevant transactions from above to each account: Compute the ending balance in Prepare T-accounts for Manulacturing Overhead and Work in procesinging balance of $33,000

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