The Polaris Company uses a job-order costing system. The following data relate to October, Thermo of the company's fiscal year a. Raw materials purchased on account. $210,000 b. Raw material issued to production, $189.000 (5151,200 direct materials and $37,800 indirect materials) c. Direct labor cost incurred, 549,000 indirect labor cost incurred, $20,000 d. Depreciation recorded on factory equipment, $105,000 Other manufacturing overhead costs incurred during October, $130,000 (credit Accounts Payable) 1. The company applies manufacturing overhead cost to production on the basis of $10 per machine hour. A total of 76,100 machine hours were recorded for October g. Production orders costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Production orders that had cost $461,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 22% above cost Required: 1. Prepare journal entries to record the information given above. (If no entry is required for a transaction event, select "No journal entry required in the first account field.) No Transaction Answer is complete and correct. General Journal Raw materials inventory Accounts payable Credit 1 Debit 210,000 a 210.000 2 b Work in process Manutacturing overhead Raw materials inventory 151,200 37,800 189,000 OOO OOO Work in process Manufacturing overhead Salaries and wages payable 49,000 20.000 69,000 4 d Manufacturing overhead Accumulated depreciation 105.000 105,000 : : 5 Manufacturing overhead Accounts payable 130.000 130.000 8 t Work in process Manufacturing overhead oo 781.000 761,000 7 9 Finished goods Work in process OO 511,000 511,000 TRON 2 3 % 5 6 7 8 W E Manufacturing overhead 511,000 7 9 511,000 Finished goods Work in process 451,000 8 (1) 451,000 Cost of goods sold Finished goods 550,220 9 h(2) Accounts receivable Sales 550,220 2. Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant information above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34.000 Beg Bal Manufacturing Overhead 37.800 761,000 20,000 105.000 130,000 Answer is not complete. Work in Process Beg. Bal 34,000 151,200 511,000 49,000 761,000 00 468.200 End. Bal 484,200 End. Bal 2 3 4 5 6 7 8 QW ER