The following transactions occurred in October:

a Raw materials purchased on account, $210,000.

b Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials).

c Accrued direct labor cost of $90,000 and indirect labor cost of $110,000.

d Depreciation recorded on factory equipment $40,000

e Other manufacturing overhead costs accrued during October, $70,000.

f The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 30,000 machine-hours were used in October.

g Jobs costing $520,000 according to their job cost sheets were completed during October and transferred to Finished Goods.

h Jobs that had a cost of $480,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 25% above cost.

1. 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 $42,000.