I only need the answer to the third question. My answers to questions 1 and 2 are correct. thank you!

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. Manufacturing Overhead Debit Credit (a) 463,184 (b) 385, 920 Balance 77, 184 Work in Process Debit Credit Balance 20,680 () 714,000 263,500 85,500 (b) 385, 920 Balance 41,000 Finished Goods Debit Credit Balance 49,000 (d) 642,690 (c) 714,000 Balance 121,000 Cost of Goods Sold Debit Credit 642,000 (d) The overhead that had been applied to production during the year is distributed among Work in Process, Finished Goods, and Cost of Goods Sold as of the end of the year as follows: Work in Process, ending Finished Goods, ending Cost of Goods Sold Overhead applied $ 19, 680 58, 080 308, 160 $ 385, 928 For example of the $41,000 ending balance in work in process, $19,680 was overhead that had been applied during the year. Required: 1. Identify 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 underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the necessary journal entry. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Identify reasons for entries (a) through (d). Entry Reason (a) Actual manufacturing overhead costs incurred for the year. (b) Overhead cost applied to Work in Process for the year. (c) Cost of goods manufactured for the year. (d) Cost of goods sold for the year. Regular Required 2 testid by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold. Prepare the necessary Journal er is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Event Debit Credit 1 1 General Journal Cost of goods sold Manufacturing overhead 77,184 77,184 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Co Sold. Prepare the necessary journal entry. (If no entry is required for a transaction/event, select "No journal entry required account field. Do not round intermediate calculations.) View transaction list View journal entry worksheet No Event General Journal Credit 1 1 Work in process Finished goods Cost of goods sold Manufacturing overhead Debit 2,050 18,150 513,600 533,800