Instructions Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the Tufting Department, where carpet backing is added at the beginning of the process and the process is completed. On January 1, Port Ormond Carpet Company had the following inventories: Finished Goods $8,300 Work in Process-Spinning Department 2,000 Work in Process-Tufting Department Materials 2,600 4,800 Departmental accounts are maintained for factory overhead, and both have zero balances on January 1. Manufacturing operations for January are summarized as follows: Jan. 1 Materials purchased on account, $82,000 2 Materials requisitioned for use: 31 Fiber-Spinning Department, $42,600 Carpet backing-Tufting Department, $34,700 Indirect materials-Spinning Department, $3,300 Indirect materials-Tufting Department, $2,900 Labor used: Direct labor-Spinning Department, $26,300 Direct labor-Tufting Department, $17,200 Indirect labor-Spinning Department, $12,500 Indirect labor-Tufting Department, $11,900 31 Depreciation charged on fixed assets: Spinning Department, $5,300 Tufting Department, $3,100 31 Expired prepaid factory insurance: