He polaris company uses a job-order costing system. the following transactions occurred in october: raw materials purchased on account, $209,000. raw materials used in production, $190,000 ($152,000 direct materials and $38,000 indirect materials). accrued direct labor cost of $49,000 and indirect labor cost of $21,000. depreciation recorded on factory equipment, $106,000. other manufacturing overhead costs accrued during october, $129,000. 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. jobs costing $510,000 according to their job cost sheets were completed during october and transferred to finished goods. jobs that had cost $448,000 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 $34,000