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, $191,000 ( $152,800 direct materials and $38,200 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, $129.000. f. The company applies manufacturing overheod cost to production using o predetermined rate of $8 per machine-hour. A totai of 76,000 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 $452,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 22% 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 ?o 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. 1 Row matenals purchased on account, $210,000. 2 Record the raw materials issued to production, $191,000 ($152,800 direct materials and $38,200 indirect materials). Record the entry for accrued direct labor cost incurred, \$49,000; indirect labor cost incurred, \$21,000. Depreciation recorded on factory equipment, $104,000. Other manufacturing overhead costs accrued during October, $129,000. 6. The company applies manufacturing overhead cost to Note: C= journal entry has been entered Prepare T-accounts for Manufocturing Overhead and Work in Process. Post the relevant transactions from above to each account Compute the ending balano 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. Prepare journal entries to record the transactions given above. (If no entry is required for a transaction/event, select journal entry required" in the first account field.)