Pental Manufacturing Company incurred the following transactions during the year: a. Purchased raw materials on account, $60,500. b. Requisitioned raw materials of $36,000 to the factory, which included $10,300 of indirect materials. c. Accrued factory labor costs of $85,400, which included $19,000 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $130,000. e. Recorded depreciation for office equipment of $17,000. f. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost. g. Completed jobs costing $162,000. h. 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. Pental Manufacturing Company incurred the following transactions during the year: a. Purchased raw materials on account, $60,500. b. Requisitioned raw materials of $36,000 to the factory, which included $10,300 of indirect materials. c. Accrued factory labor costs of $85,400, which included $19,000 of indirect labor. The workers have not yet been paid. d. Incurred actual manufacturing overhead costs (on account) of $130,000. e. Recorded depreciation for office equipment of $17,000. f. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost. g. Completed jobs costing $162,000. h. 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