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, $188,000 ($150,400 direct materials and $37,600 indirect materials). c Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. 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 $5 per machine-hour. A to 76,400 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 Good h. Jobs that had cost $447,000 to complete according to their job cost sheets were shipped to customers during the month. T jobs were sold on account at 38% 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 acc Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34.000 Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare journal entries to record the transactions given above. (Ir no entry is required for a transaction/event, select "No journal entre required" in the first account neid.) View transaction list View Journal entry worksheet mapter 3 Homework Saved Help 4 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 $34,000. Complete this question is entering your answers in the tabs below. Required 1 Required 2 Work in Process Manufacturing Overhead Debit Beginning balance Credit Credit Debit Beginning balance Ending balance Ending balance