The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $211 , 000 . b. Raw materials used in production, $191 , 000 ( $152 , 800 direct materials and $38 , 200 indirect materials). c. Accrued direct labor cost of $48 , 000 and indirect labor cost of $21 , 000 . d. Depreciation recorded on factory equipment, $104 , 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 $8 per machine-hour. A total of 76,400 machine-hours were used in October. 9. Jobscosting $513 , 000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobsthat had cost $448 , 000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 36% 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 $36 , 000 . Complete this question by entering your answers in the tabs below. Journal entry worksheet Raw materials purchased on account, $211 , 000 . Note: Enter debits before credits. 2. Hrepare t-accounts for Manufacturng Uvernead and work in Process. Fost 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 $36 , 000 . Complete this question by entering your answers in the tabs below