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 $190,000 ($152.000 direct materials and $38,000 indirect materials). c Accrued direct labor cost of $50,000 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 # The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine hour. A total of 76,300 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. h. Jobs that had cost $447000 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: 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. Required: Required 2 View transaction list Journal entry worksheet Raw materials purchased on account, $210,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general joumal 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. 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 $36,000. Manufacturing Overhead Work in Process Beg bal Beg bar End bal End bal