The Polaris Company uses a job$-$order costing system. The following transactions occurred in October:

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

Raw materials used in production, $$188,000($$$150,400$ direct materials and $$37,600$ indirect materials$).$

Accrued direct labor cost of $$48,000$ and indirect labor cost of $$20,000.$

Depreciation recorded on factory equipment, $$104,000.$

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

The company applies manufacturing overhead cost to production using a predetermined rate of $$7$ per machine$-$hour. A total of $76,100$ machine$-$hours were used in October.

Jobs costing $$511,000$ according to their job cost sheets were completed during October and transferred to Finished Goods.

Jobs that had cost $$449,000$ to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at $30\%$ 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 $$37,000.$