ACC 102 TEST 2 G Pental Manufacturing Company incurred the following transactions during the year: 15 a. Purchased raw materials on account $51,500. b. Requisitioned raw materials of $32,400 to the factory, which included $8,500 of Indirect materials. C. Accrued factory labor costs of $81,800, which included $17.200 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $94.000. e. Recorded depreciation for office equipment of $8,000. f. Manufacturing overhead was applied at the rate of 150% of direct labor cost. g. Completed jobs costing $108,000. h. Sold jobs costing $74,000 for $92,500 on account. Required: 1. Journalize transactions a-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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required s Required 4 Journalize transactions a-h. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first accoun View transaction list Journal entry worksheet Graw HIN Prey 15 of 16 Score answer Type here to search ACC 102 TEST 2 G Pental Manufacturing Company incurred the following transactions during the year: 15 a. Purchased raw materials on account $51,500. b. Requisitioned raw materials of $32,400 to the factory, which included $8,500 of Indirect materials. C. Accrued factory labor costs of $81,800, which included $17.200 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $94.000. e. Recorded depreciation for office equipment of $8,000. f. Manufacturing overhead was applied at the rate of 150% of direct labor cost. g. Completed jobs costing $108,000. h. Sold jobs costing $74,000 for $92,500 on account. Required: 1. Journalize transactions a-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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required s Required 4 Journalize transactions a-h. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first accoun View transaction list Journal entry worksheet Graw HIN Prey 15 of 16 Score answer Type here to search