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of 2 23:06 ok ces Required information Latta Company provided the following T-accounts for this year. (a) Balance Manufacturing Overhead 460,000 | (b) 70,000 Debit
of 2 23:06 ok ces Required information Latta Company provided the following T-accounts for this year. (a) Balance Manufacturing Overhead 460,000 | (b) 70,000 Debit Balance (c) Balance Debit Finished Goods 50,000 (d) 710,000 120,000 Credit Work in Process, ending Finished Goods, ending Cost of Goods Sold Overhead applied 390,000 Credit Debit Balance 640,000 (d) $ 19,500 58,500 312,000 $ 390,000 (b) Balance Work in Process Debit 15,000 (c) 260,000 85,000 390,000 40,000 Cost of Goods Sold 640,000 Credit Credit 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: 710,000 For example, of the $40,000 ending balance in work in process, $19,500 was applied overhead,
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