please do 1-3 for both questions :)

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, 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: For example, of the $40,000 ending balance in work in process, $19,500 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. Identify reasons for entries (a) through (d). 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. 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: For example, of the $40,000 ending balance in work in process, $19,500 was overhead that had been applied during the year. Required: 1. Identify reasons for entries (a) through (c). 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 proportionaly 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. Assume that the underapplied or overapplied overhesd is closed to Cost of Goods Sold. Prepare the necessary joumal entry. (if no entry is required for a transactionvevent, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the adyustment of manufacturing overhead account to cocs. Hobe: Inter ilebis befoie credts. 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. 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: For example, of the $40,000 ending balance in work in process, $19,500 was overhead that had been applied during the yeat. Required: 1. Identify reasons for entries (o) through (o). 2. Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare the necessary joumal entry. 3. Assume that the underapplied or overapplied overhead is closed proportionaly 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. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finshed Goods, and Cost of Coods Sole. Frepare the necessary jourmal entry. (If no entry is required for a transaction/event, select tho joumal entry requirest in the first. account field, Do not round intermediate calculations.) Journal entry worksheet Record the allocobion of any balance in the manufacturing overhead account to other accounts. Mote: Enter debeta before orndes. Harwood Company uses a job-order costing system that applies ovemead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours. Required: 1. Assume that during the year the company works only 75,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overheod cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Compute the amount of overhesd cost that would be applied to Work in Process for the year and make the entry in your T-accounts. Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours. Required: 1. Assume that duting the year the company works only 75,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead Taccount. 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by enterling your answers in the tabs below. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhesd T-account. Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2,40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours. Required: 1. Assume that during the year the company works only 75,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overheod T-account. 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. (if no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the entry to close the balance of the manufacturing overhesd account to cogs account. Notei Enter tebits berees credits