LM LUN O Uened USE OURO e pe 76.400 machine-hours were used in October g. Jobs costing $513.000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $452.000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 22% 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 Complete this question by entering your answers in the tabs below Required 1 Required 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 a beginning balance of $33,000 Manufacturing Overhead Work in Process 38.2007 532,7007 Beg Bal 37,000 20.000 152,800 5 13,000 104.000 49,000 130 000 532,700 Endal 240 500 End Bal 258,500 The Polaris Company uses a job-order costing system. The following transactions occurred in October Indirect a. Raw materials purchased on account. $210.000. b. Raw materials used in production, $191,000 ($152.800 direct materials and $38.200 materials) c. Accrued direct labor cost of $50,000 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. The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 76,400 machine hours were used in October g. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $452,000 to complete according to their job cost sheets were shipped customers during the month. These jobs were sold on account at 22% above cost. Required: 1. Prepare journal entries to record the transactions given above 2. Prepare Taccounts for Manufacturing Overhead and Work in Process Post the relevant transactions Compute the ending balance in each account, assuming that Work in Process has a beginning balance to each account Complete this question by entering your answers in the tabs below. Required 1 Required 2