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

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

b$.$ Raw materials used in production, $$192,000($ $$153,600$ direct materials and $$38,400$ indirect materials$).$

c$.$ Accrued direct labor cost of $$50,000$ and indirect labor cost of $$22,000.$

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

e$.$ Other manufacturing overhead costs accrued during October, $$130,000.$

f$.$ The company applies manufacturing overhead cost to production using a predetermined rate of $$10$ per machine$-$hour. A total of $76,500$ machine$-$hours were used in October.

g$.$ Jobs costing $$515,000$ according to their job cost sheets were completed during October and transferred to Finished Goods.

h$.$ 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 $38\%$ 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 that Work in Process has a beginning balance of $$36,000.$

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