(Journal entries must be completed for ALL transactions, a., b., c..., through h. There are separate entries for h1 and h2, as displayed below.)

Finally, prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant information above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34,000.

In advance, thank you for your help.

The Polaris Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year. a. Raw materials purchased on account, $210,000. b. Raw materials issued to production, $191,000 ($152,800 direct materials and $38,200 indirect materials). c. Direct labor cost incurred, $49,000; indirect labor cost incurred, $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs incurred during October, S129,000 (credit Accounts Payable). f. The company applies manufacturing overhead cost to production on the basis of $8 per machine-hour. A total of 76,500 machine-hours were recorded for October. g. Production orders costing $514,000 according to their job cost sheets were completed during october and transferred to Finished Goods. h. Production orders that had cost $449,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 38% above cost. Transaction General Journal Debit Credit a. 1 2 3 4 5 6 7 8 8 9 Record the cost of goods sold. Note: Enter debits before credits. General Journal Debit Credit Transaction h(1).