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 Finished Goods 466,000 (b 147,000 -Bal . 104,900 (c) 670,000 Bal. 152,000 (d 724,000 670,000 211,000 115,100 319,000 80,000 Bal Bal 98,000 Bal. Cost of Goods Sold 724, 000 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 $31,900 63,800 223,300 $ 319,000 Overhead applied