Exercise $3-8($Algo$)$ Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead $[$LO$3-1,$ LO$3-2,$ LO$3-4]$

Latta Company provided the following T$-$accounts for this year.

$\backslash$table$[[$Manufacturing Overhead,Work in Process,Finished Goods$],[,t,,$dit,,,,,,,,dit$],[($a$),467,712,($b$),389,760,$Balance,$\backslash$table$[[18,240],[270,500]],($c$),722,000,\backslash$table$[[$Balance$],[($c$)]],\backslash$table$[[47,000],[722,000]],($d$),646,000],[$Balance$,77,952,,s,($b$),\backslash$table$[[86,500],[389,760]],,,$Balance,$123,000,,]]$

The overhead applied to production is distributed among Work in Process, Finished Goods, and Cost of Goods Sold at the end of the year as follows:

$\backslash$table$[[$Work in Process, ending,$$20,640$