Assignments: ACG 2071 - CRN 8( x Question 2 - HW 3 - Connect * + + - C D * ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F6252FIms.mheducation.com6252Fmghmiddle. @6 0 * IM : V eTextbooks | Rent O.. Do My Homework... 6 GeeklyHub Bids List - Order ID... GeForce NOW online free movies @ Wordtune | Your th.. G Grabify IP Logger &. GG Game deals - Find.. G Google Other bookmarks HW 3 i Saved Help Save & Exit S Submit Check my work 2 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. verhead Debit Work in Process Finished Goods Credit Debit Debit Credit (a 67, 712 (b) 389,760 Balance 270, 580 722, 080 Balance 646, 080 points Balance 77,952 86, 560 Balance 123, 080 ( b ) 389 , 760 43, 080 Cost of Goods Sold Credit 646,080 Print References 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 $ 20, 64 Finished Goods, ending 59, 048 Cost of Goods Sold 310, 080 Overhead applied $ 389, 760 For example, of the $43,000 ending balance in work in process, $20,640 was overhead that had been applied during the year. Assignments: ACG 2071 - CRN 80 x Question 2 - HW 3 - Connect v -O X F - C D a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https6253A6252F6252Fims.mheducation.com%252Fmghmiddle... L @ Assignments: ACG 2071 - CRN 8( x Question 2 - HW 3 - Connect Assignments: ACG 2071 - CRN 8( x Question 2 - HW 3 - Connect V eTextbooks | Rent o.. Do My Homework. @ GeeklyHub Bids List - Order ID.. GeForce NOW online free movies @ Wordtune | Your th... G Grabify IP Logger &. GG Game deals - Fin - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmgh... C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmgh. V eTextbooks | Rent o.. Do My Homework. GeeklyHub Bids List - Order ID. Geforce NOW online free movies @ Wordtune | Your th... G Grabify IP Logger &. Go veTextbooks | Rent o. Do My Homework. GeeklyHub Bids List - Order ID. GeForce NOW online free movies @ Wordtune | Your th... G Grabify IP Logger &.. HW 3 i Saved Iw 3 6 Saved HW 3 0 Saved 2 Required: 2 1. Identify reasons for entries (a) through (d). Required 1 Required 2 Required 3 2 Required 1 Required 2 Required 3 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 Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare the necessary journal entry. (If no entry Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Goods Sold. Prepare the necessary journal entry. points points account field. Do not round intermediate calculations.) for a transaction/event, select "No journal entry required" in the first points View transaction list View transaction list eBook Complete this question by entering your answers in the tabs below. Journal entry worksheet Hint Journal entry worksheet Print Required 1 Required 2 Required 3 Record the adjustment of manufacturing overhead account to COGS. References Identify reasons for entries (a) through (d). Record the allocation of any balance in the manufacturing overhead account to other accounts. Entry Reason Note: Enter debits before credits. (a) Event General Journal Debit Credit Note: Enter debits before credits. (b) Event General Journal Credit (c) (d) quired 2 > Actual manufacturing overhead costs incurred for the year. Record er Cost of goods manufactured for the year. View general journal No journal entry required Record er View general journal Cost of goods sold for the year. Accounts payable No journal entry required Overhead cost applied to Work in Process for the year. Accounts receivable Required 3 > Accounts payable Accumulated depreciation Accounts receivable Accumulated depreciation 92'F Mostly sunny HOL 92OF