Pental Manufacturing Company incurred 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. h. 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.