12 Pental Manufacturing Company incurred the following transactions during the year: a. Purchased raw materials on account, $51,000. b. Requisitioned raw materials of $32,200 to the factory, which included $8,400 of indirect materials. c. Accrued factory labor costs of $81,600, which included $17,100 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $92,000. e. Recorded depreciation for office equipment of $7,500. f. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost. g. Completed jobs costing $105,000. h. Sold jobs costing $72,000 for $90,000 on account. Required: 1. Journalize transactions a to h. 2. Compute the over- or underapplied overhead. 3. Prepare the journal entry to transfer the over- or underapplied balance to Cost of Goods Sold. 4. Compute adjusted cost of goods sold.