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, $189.000 ($151,200 direct materials and $37.800 indirect materials) c. Accrued direct labor cost of $48,000 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, 1. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,400 machine-hours were used in October 9. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $449,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% 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 $34.000 Complete this question by entering your answers in the tabs below. View transaction list X: 1 Raw materials purchased on account, $209,000. 2. Record the raw materials issued to production, $189,000 ($151,200 direct materials and $37,800 indirect materials). 3 Record the entry for accrued direct labor cost incurred, $48,000; indirect labor cost incurred, $21,000. Depreciation recorded on factory equipment, $105,000. Other manufacturing overhead costs accrued during October, $130,000. 6 The company applies manufacturing overhead cost to Note : - journal entry has been entered Check my 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 first account field.) View transaction list Journal entry worksheet Depreciation recorded on factory equipment, $105,000. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Journal entry worksheet 1 2 3 4 5 6 7 8 9 Other manufacturing overhead costs accrued during October, $130,000. Note: Enter debits before credits. Transaction General Journal Debit Credit e Journal entry worksheet 1 2 3 4 5 7 8 9 The company applies manufacturing overhead cost to production on the basis of $9 per machine-hour. A total of 76,400 machine-hours were recorded for October Note: Enter debits before credits. Transaction General Journal Debit Credit f. Journal entry worksheet Record the cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit h(1) Journal entry worksheet 1 2 3 4 5 5 6 7 00 Record the sales on account. Note: Enter debits before credits. General Journal Transaction h(2) Debit Credit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the balance in each account, assuming that Work in Process has a beginning balance of $34,000. Manufacturing Overhead Work in Process Beg. bal Beg bal. End bal End, bal