Instructions Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where Department is transferred to the Tuting Department, where carpet backing is added at the beginning Ormond Carpet Company had the following inventories yarn. The output of the Spinning completed. On January 1, Port Finished Goods Work in Process-Spinning Department Work in Process-Tufting Department Materials $8.400 1,600 2,100 4.500 Surmarized as Departmental accounts are maintained for factory overhead, and both have zero balances on January 1. Manufacturing follows 1 Materials purchased on account, $84,300 Materials requisitioned for use: Fibor-Spinning Department, $42,600 Carpet backing--Tufting Department, $34,500 Indirect materials Spinning Department, $4,000 Indirect materials - Tutting Department, $2,500 Labor used: Direct labor-Spinning Department, $27,200 Direct labor-Tufting Department, $18,600 Indirect labor-Spinning Department, $12.200 Indirect labor-Tuting Department, $11,800 Depreciation charged on feed assots: 31 Check My Work Previous Next 31 Labor used: Direct labor-Spinning Department, $27,200 Direct labor-Tufting Department, 518,600 Indirect labor-Spinning Department, $12,200 Indirect labor-Tufting Department, $11,800 Depreciation charged on fixed assets: Spinning Department, $5,300 Tufting Department, $3,300 31 Expired prepaid factory insurance: Spinning Department, $1,200 Tulting Department, $1,000 Applied factory overhead: Spinning Department, $23,100 Tufting Department, $18,150 Production costs transferred from Spinning Department to Tufting Production costs transferred from Tufting Department to Finished Cost of goods sold during the period, $154,500 31 31 Required: operations. Refer to the Chart of 1. Journalize the entries to record the operations, using the dates provided with Accounts for exact wording of account titles 2. Compute the January 31 balances of the inventory accounts 3. Compute the January 31 balances of the factory overhead accounts. Check My Work Previous Next >