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 Work in Process has a beginning balance of $$34,000.$ The Polaris Company uses a job$-$order costing system. The following transactions occurred in October:

a$.$ Raw materials purchased on account, $$209,000.$

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, $$106,000.$

e$.$ Other manufacturing overhead costs accrued during October, $$129,000.$

f$.$ The company applies manufacturing overhead cost to production using a predetermined rate of $$6$ per machine$-$hour. A total of

$76,100$ machine$-$hours were used in October.

g$.$ Jobs costing $$511,000$ were completed and transferred to Finished Goods.

h$.$ Jobs costing $$451,000$ were shipped to customers. These jobs were sold on account at $24\%$ above cost.

Required:

Prepare journal entries to record the transactions given above.

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 Work in Process has a beginning balance of $$34,000.$

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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 Work in Process has a beginning balance of $$34,000.$ The Polaes Congery wues a job ceder cocsing sysbern The following trarsacbons occurred in October

a$.$ R$$w matertals toichased con acrount $$200000$

if Acrgued orrect labor cost of $$49000$ and indirect labor colt of $$20000$

d$.$ Derifidivion tecorded on factory equipment, $5105000$

t Otreg manutactiung owntrad sosts wcried duning Octobec, $$129000$

$16100$ machine hors were ulgalin October

fobs coming $5$ st$1$o$00$ were corpleted and traneferred to freshed Goods.

Pequired:

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