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, $183,000 (\$150,400 drect matenols and $37,600 indirect materials). c. Accrued direct labor cost of $50,000 and indirect labor cost of $21,000. d. Depreciation recordedion factory equipment, 5105,000 e. Other manufecturing overthead costs accrued duing Octobet, $130,000 f. The compary applies manufacturing overhead cost to producton using a predetermined rate of $10 per machine-hour. A total of 76,100 machine-hours were used in October 9. Jobs costing $513,000 according to their job cost sheets were completed dunn October and transferred to Finished Goods. h. Jobs that had cost $452.000 to complite according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 38% above cost Required: 1. Prepare journal enties to record the transoctions 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 batance of $36,000. Complete this question by entering your answers in the tobs below. Prepare journat entries torecord the transactions qiven above. (af no entry is reqiired for a trankaction/evant, solect Wo fournal entry reauired in the first ascount fiald. h. Jobe that had cost $452000 to complose accord ing to whese completed dieing Octobler and transteged to Finished Goods jobs were sold on atcount at 38 s above cost Required: 1. Prepare journal emires to record the tranisactions given above. Compute the ending balance in each account, assimang that Work in Process has o beginoing balance of 536,000 Complote this question by onteriog voier answers in that lobs below Journal entry worksheet c. Accrued oirect labor cost of $50,000 and indirect labor cost of $21,000 d. Depreciation fecorded on factory equipment, $105,000 e. Other manufacturing overhead costs accrued dumg October, $130,000 f. The company applies manufacturing overhead cost to producton using a predetenined rate of 510 per miachne hour A tatal of 76,500 machine hours were used in October. g. Jobs costing $513,000 accorcing to the job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that hod cost $452,000 to complete according to their job cost sheets were shipoed to customeis during the month. These jobs were sold on account at 38% above cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-sccounts for Manufacturing Ovothead and Work in Procest: Post the relevant transoctions from above to each account Compute the ending ba ance in each account, assuming that Work in Process has a beginning batance of $36,000. Complate this question by entering your answors in the tabs thetow