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 Finished Goods 160,000 ( 736,900 675,900 Work in Process 481,000|(b) 324,000 Bal.105 300 (c) 675,900 Bal. Bal. 157,000 210,200 115,500 324,000 79,100 Bal 99,000 Bal. Cost of Goods Sold 736,900 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 Finished Goods, ending Cost of Goods Sold overhead applied $ 48,600 97,200 178,200 324,000 For example, of the $79,100 ending balance in work in process, $48,600 was overhead that had been applied during the year