The Polaris Company uses a job-order costing system. The following transactions occurred in October 30 points 8 02:27 22 a. Raw materials purchased on account. $211.000, b. Raw materials used in production, $189,000 ($151,200 direct materials and $37.800 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 1. The company applies manufacturing overhead cost to production using a predetermined fate of $6 per machine-hour. A total of 76,300 machine-hours were used in October 9. Jobs costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $448,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 24% above cost book Print 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 $36.000 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's required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist