The Polaris Company uses a job$-$arder conting sytem. The following tramactions occurred in Odiober

a$.$ Rerw materiak purchased on account, $$270,000.$

c$.$ Accrued diect labor cost of $$48,000$ and indrect labor cost of $$27\mathrm{.}900$

d$.$ Depreciation recorded on factiory equpment, $$104,000$

Other manulacturing overthead costs sccrued during Octobec $$01000.$

the company applies manufacturng over head cost to production ving a predetermined rate of $56$ per mackine$-$hour A tobal of $76\mathrm{.}300$ mact ine$-$hours were used in October

Jobs costing $$512,000$ were completed and tramlerred to Finithed Ooods.

h$.$ Jobs costing $$448,000$ were shipped to customers. These jobs were sold on account at $2$ ax above cost.

Required:

Pre$$arejournal entries to record the transactions gwen above.

Prepare Taccounts for Manulacturing Overhesd and Work in Process. Post the relevant transactions from above to each account. Compule the ending bolance it each account, assuming Work in Process has a beginning balance of $535,000$

Cemplete this question by entering your anwwers in the tabs betow.

zequred a each account, assuming Werk in Process has a beginning balance of $135,000.$c