Question: WHAT is missing here ? Exercise 3 - 5 ( Algo ) Journal Entries and T - accounts [ LO 3 - 1 , LO

WHAT is missing here ? Exercise 3-5(Algo) Journal Entries and T-accounts [LO3-1, LO3-2]
The Polarls Company uses a job-order costing system. The following transactions occurred in October:
a. Raw materlals purchased on account, $210,000.
b. Raw materlals used in production, $189,000( $151,200 direct materlals and $37,800 indirect materials).
c. Accrued direct labor cost of $50,000 and Indirect labor cost of $22,000.
d. Depreclation recorded on factory equipment, $105,000.
e. Other manufacturing overhead costs accrued during October, $130,000.
f. The company applies manufacturing overhead cost to production using a predetermined rate of $7 per machine-hour. A total of
76,200 machine-hours were used in October.
g. Jobs costing $511,000 were completed and transferred to Finished Goods.
h. Jobs costing $449,000 were shipped to customers. These jobs were sold on account at 26% 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.
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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.PLEASE
 WHAT is missing here ? Exercise 3-5(Algo) Journal Entries and T-accounts

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