Question: Please help. this is just one quesion Graded Chapter 3 Homework 4 Saved The Polaris Company uses a job-order costing system. The following transactions occurred

Please help. this is just one quesion

 Please help. this is just one quesion Graded Chapter 3 Homework4 Saved The Polaris Company uses a job-order costing system. The followingtransactions occurred in October: a. Raw materials purchased on account, $211,000. b.Raw materials used in production, $192,000 ($153,600 direct materials and $38,400 indirectmaterials). c. Accrued direct labor cost of $49,000 and indirect labor costof $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturingoverhead costs accrued during October, $129,000. eBook f. The company applies manufacturingoverhead cost to production using a predetermined rate of $7 per machine-hour.A total of 76,400 machine-hours were used in October. fot Hint g.Jobs costing $510,000 according to their job cost sheets were completed duringOctober and transferred to Finished Goods. h. Jobs that had cost $451,000

Graded Chapter 3 Homework 4 Saved The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $211,000. b. Raw materials used in production, $192,000 ($153,600 direct materials and $38,400 indirect materials). c. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $129,000. eBook f. The company applies manufacturing overhead cost to production using a predetermined rate of $7 per machine-hour. A total of 76,400 machine-hours were used in October. fot Hint g. Jobs costing $510,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $451,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 24% above cost. Required: Ask 1. Prepare journal entries to record the transactions given above. A 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. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 1.6 points Required 1 Required 2 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 Raw materials purchased on account, $211,000. Note: Enter debits before credits. General Journal Transaction a. Clear entry Record entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record the raw materials issued to production, $192,000 ($153,600 direct materials and $38,400 indirect materials). Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 M 7 8 9 The company applies manufacturing overhead cost to production on the basis of $7 per machine-hour. A total of 76,400 machine-hours were recorded for October. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Clear entry View general journal Required 2 > Record entry CO Required 1 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 Record the cost of goods sold. Note: Enter debits before credits. Transaction h(1). Record entry General Journal Clear entry View transaction list Journal entry worksheet > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Manufacturing Overhead Debit Credit Beginning balance Ending balance Debit Beginning balance Ending balance Credit

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