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, $189,000 (\$151,200 direct materials and $37,800 indirect materials). c. Accrued direct labor cost of $49,000 and indirect labor cost of $20,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $130,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $6 per machine-hour. A total of 76,400 machine-hours were used in October. 9. Jobs costing $510,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $448,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 22% 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 $36,000. required" in the first account field.) Journal entry worksheet 2 5 6 Note: Enter debits before credits. Journal entry worksheet 56789 Record the raw materials issued to production, $189,000 ( $151,200 direct materials and $37,800 indirect materials). Note: Enter debits before credits. Journal entry worksheet 567 Record the entry for accrued direct labor cost incurred, $49,000; indirect labor cost incurred, $20,000. Note: Enter debits before credits. Journal entry worksheet