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The Polaris Company uses a job-order costing system. The following transactions occurred in October a. Raw materials purchased on account, $211,000 b. Raw materials used

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The Polaris Company uses a job-order costing system. The following transactions occurred in October a. Raw materials purchased on account, $211,000 b. Raw materials used in production, $190,000 ($152,000 direct materials and $38.000 indirect materials). c Accrued direct labor cost of $49,000 and indirect labor cost of $20,000 d. Depreciation recorded on factory equipment, $104.000 g overhead costs accrued during October, $129,000 E The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,100 machine-hours were used in October. g. Jobs costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $453,000 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. the 2 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account in each account, assuming that Work in Process has a beginning balance of $36,000 Complete this question by entering your answers in the tabs below. 211 000 from above to each

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