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The Polaris Company uses a job$-$order costing system. The following transactions occurred in October:

a$.$ Raw materlals purchased on account, $$211,000.$

b$.$ Raw materlals used in production, $$188,000($ $$150,400$ direct materlals and $$37,600$ indirect materials$).$

c$.$ Accrued direct labor cost of $$48,000$ and indirect labor cost of $$20,000.$

d$.$ Depreclation recorded on factory equipment, $$105,000.$

e$.$ Other manufacturing overhead costs accrued during October, $$131,000.$

f$.$ The company applies manufacturing overhead cost to production using a predetermined rate of $$5$ per machine$-$hour. A total of $76,100$ machine$-$hours were used in October.

g$.$ Jobs costIng $$510,000$ were completed and transferred to FInIshed Goods.

h$.$ Jobs costing $$451,000$ were shipped to customers. These Jobs were sold on account at $30\%$ above cost.

Required:

Prepare journal entries to record the transactions given above.

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 Work in Process has a beginning balance of $$34,000.$

Complete this question by entering your answers in the tabs below.

Prepare journal entries to record the transactions given above.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$*$ please help me with h & with requirement $2...$ thank you!

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