The Polaris Company uses a job-order costing system. The following transactions occurred in October 3. Raw materials purchased on account, $209,000. b. Raw materials used in production, $189,000 ($151,200 direct materials and $37,800 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, $129,000 f. The company applies manufacturing overhead cost to production using a predetermined rate of $10 per machine-hour. A total of 76,300 machine-hours were used in October. 9 Jobs costing $510,000 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 26% 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. cs 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 rst account fields View transaction flot Journal entry worksheet B 9 > on list Journal entry worksheet Record the cost of goods sold. Note: Enter debits before credits. General Journal Transaction h(1) Dobit Credit Record entry Clear entry View general journal Journal entry worksheet