5 The following information is taken from the accounts of Latte Company. The entries in the T-accounts are summaries of the transactions that affected these accounts during the year 5 OL 1.50 ) T.000 80,098 336.100 71.000 180.00 14.500 BRL 410.40 119,00T M. 59.000 De 14 DO The overhead that had been applied to production during the year is bedong Work in Processed Goods, and cost of Goods Sold as of the end of the years follows Finished Desa 10,120 16,711 5,441 For example ofe$9.000 ending in process, 18.320 was overed during the year Required 1. Identity reasons for entries in the 2. Assume that the underopied or even overhead is closed to cost of Goods Sold repere the necessary ouma entry Asume that the undergedorovedovad is closed proportional to Work in Process Finished Goods and Coster Goods Sod. Prepare necessarymalny Chestion by andering your answer is the below. Red 3 mires Finished Goods, ending Cost of Goods Sold Overhead applied 66,720 325, 440 $ 420,480 For example of the $59,000 ending balance in work in process, $28,320 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. 0 Required Required 2 Required Identity reasons for entries (a) through (d). LAI Red Required 1 Required 2 Required) Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold. Prepare the necessary journal entry (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View on Hint Journal entry worksheet DE Pris Record the adjustment of manufacturing overhead account to COGS abord Detail Credit Complete this question by entering your answers in the tabs below Regined Reda Assume that the underapplied or overoplied were closed proportionally to work in proces, Goods, and cost of Sold. Prepare the necessary your entry ne entry is required for a revented by the account field. Do not und Intermediate calculations) 0 View the fut Journal entry worksheet Reconocoon fwy balance in the manufacturing wwe co to other conta Rury CY Mar 5 The following information is taken from the accounts of Latte Company. The entries in the T-accounts are summaries of the transactions that affected these accounts during the year 5 OL 1.50 ) T.000 80,098 336.100 71.000 180.00 14.500 BRL 410.40 119,00T M. 59.000 De 14 DO The overhead that had been applied to production during the year is bedong Work in Processed Goods, and cost of Goods Sold as of the end of the years follows Finished Desa 10,120 16,711 5,441 For example ofe$9.000 ending in process, 18.320 was overed during the year Required 1. Identity reasons for entries in the 2. Assume that the underopied or even overhead is closed to cost of Goods Sold repere the necessary ouma entry Asume that the undergedorovedovad is closed proportional to Work in Process Finished Goods and Coster Goods Sod. Prepare necessarymalny Chestion by andering your answer is the below. Red 3 mires Finished Goods, ending Cost of Goods Sold Overhead applied 66,720 325, 440 $ 420,480 For example of the $59,000 ending balance in work in process, $28,320 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. 0 Required Required 2 Required Identity reasons for entries (a) through (d). LAI Red Required 1 Required 2 Required) Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold. Prepare the necessary journal entry (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View on Hint Journal entry worksheet DE Pris Record the adjustment of manufacturing overhead account to COGS abord Detail Credit Complete this question by entering your answers in the tabs below Regined Reda Assume that the underapplied or overoplied were closed proportionally to work in proces, Goods, and cost of Sold. Prepare the necessary your entry ne entry is required for a revented by the account field. Do not und Intermediate calculations) 0 View the fut Journal entry worksheet Reconocoon fwy balance in the manufacturing wwe co to other conta Rury CY Mar