The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year 6 Manufacturing Overhead Work in Process Finished Goods ca) 493,656 (b) 410,880 Bal. 8,120 766,000 Bal. 36,000 (d) 668,000 Bal. 82,176 309,000 (c) 766,880 92,000 Bal. 134,000 (b) 410,880 Bali 54,900 Cost of Goods Sold (di 668,800 The overhead that had been applied to production during the year is distributed among Work in Process, Finished Goods, and Co Goods Sold as of the end of the year as follows: Work in Process) ending Finished Goods ending Cost of Goods Sold Overhead applied $ 25,920 64,320 320,640 5410,880 For example of the 554,000 ending balance in work in process, $25,920 was overhead that had been applied during the year Required: 1. Identity reasons for entries (a) through (d) 2. Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold Prepare the necessary Journal entry 3. Assume that the underopplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and costor Goods Sold. Prepare the necessary Journal entry Complete this question by entering your answers in the tabs below. Required Recured Required Identify reasons for entries () through (0)