The Polaris Company uses a job-order costing system. Thefollowing data relate to October, the first month of the company’sfiscal year. a. Raw materials purchased on account, $210,000. b.Raw materials issued to production, $191,000 ($152,800 directmaterials and $38,200 indirect materials). c. Direct labor costincurred, $49,000; indirect labor cost incurred, $20,000. d.Depreciation recorded on factory equipment, $105,000. e. Othermanufacturing overhead costs incurred during October, $130,000(credit Accounts Payable). f. The company applies manufacturingoverhead cost to production on the basis of $8 per machine-hour. Atotal of 76,300 machine-hours were recorded for October. g.Production orders costing $511,000 according to their job costsheets were completed during October and transferred to FinishedGoods. h. Production orders that had cost $453,000 to completeaccording to their job cost sheets were shipped to customers duringthe month. These goods were sold on account at 26% above cost.

Required: 1. Prepare journal entries to record the informationgiven above

(1.a) Record the journal entry for purchase of raw material asgiven below:

(1.b) Journal entry for the issuance of material for productionas given below:

(1.c) Journal entry for direct and indirect labor cost incurredas given below:

(1.d) Journal entry for recording depreciation as givenbelow:

(1.e) Journal entry for manufacturing overheads incurred asgiven below:

1.f) Journalize the transaction of overheads absorbed as givenbelow:

(1.g) Journal entry for finished goods as given below:

(1.h)Journal entry for finished goods available for sale asgiven below: