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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, $189.000 ($15L200 direct materials and $37,800 Indirect materials Accrued direct labor cost of $49.000 and indirect labor cost of $2L000 d Depreciation recorded on factory equipment. $106.000. 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 9 Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods Jobs that had cost $447,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 34% above cost. Required: L 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 Complete this question by entering your answers in the tabs below. Required Required 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.) View transaction list Journal entry worksheet

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