Pental Manufacturing Company incurred the following transactions during the year:

1. Purchased raw materials on account, $60,500.
2. Requisitioned raw materials of $36,000 to the factory, which included $10,300 of indirect materials.
3. Accrued factory labor costs of $85,400, which included $19,000 of indirect labor. The workers have not yet been paid.
4. Incurred actual manufacturing overhead costs (on account) of $130,000.
5. Recorded depreciation for office equipment of $17,000.
6. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost.
7. Completed jobs costing $162,000.
8. Sold jobs costing $110,000 for $137,500 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.