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The Polaris 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, $192.000 ($153,600 direct materials and $38.400 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. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,100 machine-hours were used in October. g. Jobs costing $515,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $450,000 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 $35,000. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) No Transaction General Journal Credit Debit 210,000 1 a. Raw materials Accounts payable Do 210,000 2 b. 153,600 Work in process Manufacturing overhead Raw materials 38,400 192.000 3 C 48.000 ol Work in process Manufacturing overhead Salaries and wages payable 21.000 69,000 4 d. 105.000 Manufacturing overhead Accumulated depreciation OO 105,000 5 e 130.000 Manufacturing overhead Accounts payable 130.000 DO DO 6 1. 684.900 Work in process Manufacturing overhead 684.900 7 9 515.000 Finished goods Work in process olo 515,000 B (1) 450.000 Cast of goods sold Finished goods 450,000 OOOO 9 h(2) 576.000 Accounts receivable Sales 576.000 Answer is not complete. 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 ending balance in each account, assuming that work in Process has a beginning balance of $35,000. Manufacturing Overhead Work in Process Beg, bal b. Beg. bal b. 684,9001 515,000 9. c. C. OOOO 38,400 21.000 105,000 130.000 OOO 153,600 48.000 684.900 d. 1. e. End. bal 390,500 End, bal 371.500