- Compute adjusted cost of goods sold. Complete this question by entering your answers in the tabs below. Compute the over- or underapplied overhead. Journal entry worksheet Record the entry to transfer the over- or underapplied balance to Cost of Goods Sold. Note: Enter debits before credits. 7. Compute adjusted cost of goods sold. Complete this question by entering your answers in the tabs below. Compute adjusted cost of goods sold. Pental Manufacturing Company incurred the following transactions during the year: a. Purchased raw materials on account, $55,000. b. Requisitioned raw materials of $33,800 to the factory, which included $9,200 of indirect materials. c. Accrued factory labor costs of $83,200, which included $17,900 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $108,000. e. Recorded depreciation for office equipment of $11,500. f. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost. g. Completed jobs costing $129,000. h. Sold jobs costing $88,000 for $110,000 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