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Pental Manufacturing Company incurred the following transactions during the year: a. Purchased raw materials on account, $50,500 b. Requisitioned raw materials of $32,000 to the factory, which included $8,300 of indirect materials. c. Accrued factory labor costs of $81,400, which included $17,000 of indirect labor. The workers have not yet been paid d. Incurred actual manufacturing overhead costs (on account) of $90,000. e. Recorded depreciation for office equipment of $7,000 1. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost. g. Completed jobs costing $102,000 h. Sold jobs costing $70,000 for $87,500 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. f. Manufacturing overhead was applied at the rate of 150 percent of direct labor cost. g. Completed jobs costing $102,000. h. Sold jobs costing $70,000 for $87,500 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. Complete this question by entering your answers in the tabs below. Compute the over- or underapplied overhead

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