The Polarls 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, $189,000 (\$151,200 direct materials and $37,800 indirect materials). c. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment. $105,000 e. Other manufacturing overhead costs accrued during October, $131,000. 1. The company applies manufacturing overhead cost to production using a predetermined rate of \$1 per machine hour. A total of 76,300 machine hours were used in October. 9. Jobs costing $511,000 according to their job cost sheets were completed during October and transterred 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 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 hs a beginning balance of $36,000. Prepare journal entries to record the transactions given above. (If no entry is required for a transaction/eve required" in the first account field.) Journal entry worksheet 56789 Raw materials purchased on account, $210,000. Note: Enter debits before credits. Required 1 Bcequired 2