Pental Manufacturing Company incurred the following transactions during the year. a. Purchased raw materials on account, $54,000. b. Requisitioned raw materials of $33,400 to the factory, which included $9,000 of indirect materials. c. Accrued factory labor costs of $82,800, which included $17,700 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $104,000. e. Recorded depreciation for office equipment of $10,500. f. Manufacturing overhead was applied at the rate of 150% of direct labor cost. g. Completed jobs costing $123.000. h. Sold jobs costing $84,000 for $105,000 on dccount. 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 3 Required 4 Journalize transactions a-h. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet 3 6 7 9 1 2 4 8 Purchased raw materials on account, $54,000. 3,400 to the factory, which included $9,000 of indirect materials. c. Accrued factory labor costs of $82,800, which included $17,700 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $104,000. e. Recorded depreciation for office equipment of $10,500. f. Manufacturing overhead was applied at the rate of 150% of direct labor cost. g. Completed jobs costing $123,000. h. Sold jobs costing $84,000 for $105,000 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 3 Required 4 Compute the over- Ir underapplied overhead. Overhead $ 33,050 Requirea: 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 3 Required 4 Prepare the journal entry to transfer the over- or underapplied balance to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the entry to transfer the over- or underapplied balance to Cost of Goods Sold. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Pental Manufacturing Company incurred the following transactions during the year: a. Purchased raw materials on account, $54.000. b. Requisitioned raw materials of $33,400 to the factory, which included $9,000 of indirect materials c. Accrued factory labor costs of $82,800, which included $17,700 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $104,000. e. Recorded depreciation for office equipment of $10,500. f. Manufacturing overhead was applied at the rate of 150% of direct labor cost. g. Completed jobs costing $123,000. h. Sold jobs costing $84,000 for $105,000 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 3 Required 4 Compute adjusted cost of goods sold. Adjusted Cost of Goods Sold
