The Polarls Company uses a Job-order costing system. The following transactions occurred In October a. Raw materlals purchased on account, $210,000. b. Raw materials used In production, $189,000 ($151,200 direct materlals and $37,800 Indirect materials). c Accrued direct labor cost of $49,000 and Indirect labor cost of $21,000. d. Depreclation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $130,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,500 machlne-hours were used In October g. Jobs costing $512,000 according to thelr job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $451,000 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 glven 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 $33,000