Anwser all parts to this question please!

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, (b) Manufacturing Overhead Work in Process Finished Goods (a) 483,840 (b) 403,200 Bal. 11,800 (c) 750,000 Bal. 40,000 (d) 660,000 Bal. 80,640 295,000 (c) 750,000 90,000 Bal. 130,000 403,200 Bal. 50,000 Cost of Goods Sold (d) 660,000 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 $ 24,000 62,400 316,800 $ 403,200 For example, of the $50,000 ending balance in work in process, $24,000 was overhead that had been applied during the year Required: 1. Identify reasons for entries (a) through (d), For example, of the $50,000 ending balance in work in process, $24,000 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 Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold. Prepare the necessary journal entry. (If no is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Journal entry worksheet