Pental Manufacturing Company incured the following transactions during the year a. Purchased raw materials on account, $57,500. b. Requisitioned raw materials of $34,800 to the factory, which included $9,700 of indirect materials c. Accrued factory labor costs of $84,200, which included $18,400 of indirect labor The workers have not yet been paid d Incurred actual manufacturing overhead costs (on account) of $118.000 e Recorded depreciation for office equipment of $14,000 f Manufacturing overhead was applied at the rate of 150% of direct labor cost g. Completed jobs costing $144,000 Sold jobs costing $98.000 for $122.500 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. No 1 Transaction General Journal . Raw Materials Inventory Accounts Payable 2 b 3 c 4 d 5 . 6 f 7 9 Cost of Goods Sold Salaries/Wages Payable Salaries/Wages Payable Sales Revenue Manufacturing Overhead Accounts Payable Depreciation Expense Finished Goods Inventory No journal entry required Finished Goods Inventory Cost of Goods Sold 8 ha) Accounts Receivable Sales Revenue Journal entry worksheet < 00 00 00 00 000 00 00 Debit Credit 57.500 57.500 34.000 O 34.800 84.200 O 54.200 110,000 118,000 O 14,000- 14,000 144000- 144,000 122.500 122.500 Requisitioned raw materials of $34,800 to the factory, which included $9,700 of indirect materials. Note: Enter debits before credits. Transaction General Journal Debit Credit Cost of Goods Sold Salaries/Wages Payable 34.800 34.800 Journal entry worksheet < 1 2 3 4 5 6 6