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 (5151,200 direct materials and $37,800 indirect materials) c. Accrued direct labor cost of $50,000 and indirect labor cost of $20.000 d. Depreciation recorded on factory equipment, $105,000 e. Other manufacturing overhead costs accrued during October, $129,000 1. The company applies manufacturing overhead cost to production using a predetermined rate of 58 per machine-hout A total of 76,300 machine-hours were used in October g Jobs costing S511,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $451.000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 36% 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 cearch a hip o 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the transactions given above. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 9 Raw materials purchased on account, $210,000. Search a prt sc delete Journal entry worksheet arch BE a hp