Need help on requirement 3!

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 499.968) 416,640 83,328 sal 778,000 sal Bal Work in Process 5,360 (c) 319,500 93,500 416,640 57.000 Finished Goods 3.3.000 (d) 278.000 137,000 674,000 Bal. (b Bal Cost of Goods Sold 674,000 (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 Pinished Goods, ending Cost of Goods Sold Overhead applied 327,36 65.750 323.520 346,640 For example, of the $57.000 ending balance in work in process, $27.360 was overhead that had been applied during the year. Required: 1. Identity 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