Jan. 1 Materials purchased on account, $80,000 2 Materials requisitioned for use: Fiber-Spinning Department, $42,000 Carpet backing -Tufting Department, $34,600 Indirect materials-Spinning Department, $3,000 Indirect materials-Tufting Department, $2,900 31 Labor used: Direct labor-Spinning Department, $26,900 Direct labor-Tufting Department, $17,800 Indirect labor-Spinning Department, $11,700 Indirect labor-Tufting Department, $11,800 31 Depreciation charged on fixed assets: Spinning Department, $5,300 Tufting Department, $3,500 31 Expired prepaid factory insurance: Spinning Department, $1,300 Tufting Department, $1,000 31 Applied factory overhead: Spinning Department, $21,500 Tufting Department, $18,850 31 Production costs transferred from Spinning Department to Tufting Department, $85,000 31 Production costs transferred from Tufting Department to Finished Goods, $152,600 31 Cost of goods sold during the period, $155,300 Joumalize the entries to record the operations, using the dates provided with the summary of manufacturing operations. Refer to the chart of accounts for the exact wording of the account titles. CNOW journal o not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered