The Pelaris Company uses a job-order costing system. The following transactions oceured in October a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $189,000 (\$151,200 diect materials and $37,800 indirect materials). C. Accrued direct laber cost of $48,000 and Indirect labor cost of $20,000. d. Deprecietion recorded on foctory equlpment. $104,000. e, Other manufacturing overheed costs accrued during October, $120000. f. The company apples manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour A total of 76,200 machine hours were used in October. 9. Jobs costing $515,000 according to thel job cest sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $450,000 to complete according to their job cost sheets were shipped to customers during the month, These jobs were sold on account at 30% abowe cost Requiredt 1. Prepare journal entrios to record the transactions given above. 2. Prepare T-accounts for Manufecturing Ovcrhead 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 baiance of $36.000 Complete this question by entering your answers in the tabs below. Prepare T-accounts for Manufacturing Overhesd and Work in Process. Post the relevant transactions from above to each account Compute the ending balance in each account, assu 7 ing that Work in Process has a beginning balance of $36,000