The Polaris Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year a. Raw materials purchased on account, $210,000 b. Raw materials issued to production, $190,000 ($152,000 direct materials and $38,000 indirect materials) c. Direct labor cost incurred, $50,000: indirect labor cost incurred, $20,000 d. Depreciation recorded on factory equipment, $104,000 e. Other manufacturing overhead costs incurred during October $131,000 (credit Accounts Payable) f. The company applies manufacturing overhead cost to production on the basis of $9 per machine-hour. A total of 76,000 machine-hours were recorded for October and transferred to Finished Goods customers during the month These goods were sold on account at 28%above cost Required: g. Production orders costing $512.000 according to their job cost sheets were completed during October h Production orders that had cost $451,000 to complete according to their job cost sheets were shipped to 1. Prepare journal entries to record the information 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 8 Raw materials purchased on account, $210.0oo