Mamal Environmental Sci YouTube vercises (1 pt Saved Help Save & Exit Check 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, $188,000 ($150,400 direct materials and $37,600 indirect materials), c. Accrued direct labor cost of $50,000 and indirect labor cost of $21,000, d. Depreciation recorded on factory equipment, $105,000 e. Other manufacturing overhead costs accrued during October $130,000, 1. The company applies manufacturing overhead cost to production using a predetermined rate of $6 per machine hour. A total of 76,400 machine-hours were used in October g. Jobs costing $510,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $451000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 40% 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 $35,000 Complete this question by entering your answers in the tabs below. Required 2 Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant transactions from above to each account. Compute the end MacBook Air 4. 80 23 88 F 09 Fe DU FB 82 A C 2 $ 4 3 - 5 & 7 6 8 ) 0 9 W E R T Y U O S D F G H J L X c 17 C Gmail Environmental Sci. YouTube cises (1 pt) Saved Help Save & Exit Check my YU. 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 $35.000 Complete this questiola 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 enc balance in each account, assuming that Work in Process has a beginning balance of $35,000. Manufacturing Overhead Work in Process Beg Bal End. Bal End. Bal g 17 MacBook Air # & FS Dll FB a 2 $ 4 3 5 6 & 7 C 9 8 ) 0 W E R T Y U 1 0 S D F G H J J L
