Jan: 1 Materials purchased on account $82.000 2 Matenals requivitioned for use: Foer-Spinning Deparment \$t2, 800 Carpat backing-Thting Department, s34, roo indirect materials-5pinning Deoartrent, $3.300 31 Labor used: Diect tabar-Sohning Depatmant, $26.300 Direct laber-Tuhing Department, $17200 Indrect labon:Sprning Department, \$12.500 Indirect labor-Tutting Departmene 511,900 11 Depreciation charged on frod asseta: Spinning Depantment, $5,300 Tuting Department, 59,100 3) Expred propald factory inturance. Soinning Department, 51,000 Port Omond Carpet Company munulactutes carpets, Fber is placed in process in the Spinning Department, where a is spun into yarn. The output of the Spinning Department is the lolowing inventorles: Deparmertal socounts are mainlained loe foctory overhead, and both have zero balances on danuary 1. Minulacturva operafione for January are summarued as follows 2. Compute the January 31 balances of the inventory accounts. tment, $90,000 31 Production costs transferred from Tufting Department to Finished Goods, $153,200 31 Cost of goods sold during the period, $158,000 Joumalive the entries to record the gperations, using the dates provided with the summary of manutactuning operations. Aequired: 1. Journalize the entries to record the operations, using the dates provided with the summary of manulacturing operations