The Polaris Company uses a job-order costing system. The following transactions occurred in October a. Raw materials purchased on account, $209,000. b. Raw materials used in production, $191,000 (\$152,800 direct materials and $38,200 indirect materials). c. Accrued direct labor cost of $50,000 and indirect labor cost of $21,000 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 $9 per machine-hour A fotal of 76.500 machine hours were used in October. 9. Jobs costing $514,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $450,000 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. Prepate joumal entries to record the transactions given above. 2. Prepare T-accotints for Marufacturing Overhead and Work in Process. Post the relevant transactions from above to each account Compute the ending balance m each account, assuming that Work in Process has a beginning balance of $33,000. Journal entry worksheet 23456 Raw materials purchased on account, $209,000. Note: Enter debits before credits. Prepare T-accounts for Mantofocturing Overhead and Work ir Process. Post the relevant transactions from above to each account, Compute the ending bata each account, assuming that Work in Process has a beginning balance of $33,000