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 Work in Process 419,000 375,000 Bal 105,200 723,400 209,200 Bal 44,000 115,000 375,000 Bal 81,000 Finished Goods Cost of Goods Sold Bal 158,000 723,400 782,400 (d) 782,400 Bal 99,000 The overhead that had been applied to production during the year is distributed among the ending balance: in the accounts as follows Work in Process, ending Finished Goods, ending Cost of Goods Sold Overhead applied $52,500 105,000 217 500 $375,000 For example, of the $81,000 ending balance in Work in Process, $52,500 was overhead that had been applied during the year