port Ormond Carpet Company manufactures carpets. Fbers p aced n process in the Spr ng Department where it spun into yam. The output of the Spr the beginning of the process and the process is completed. On January 1, Port Ormond Carpet Company had the following inventories: ng Department transferred to the Tuftng Department where car et backng s added at Finished Goods Work in Process-Spinning Department Work in Process-Tufting Department Materials $62,000 35,000 28,500 17,000 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, $500,000 2 Materials requisitioned for use: Fiber-Spinning Department, $275,000 Carpet backing-Tufting Department, $110,000 Indirect materials-Spinning Department, $46,000 Indirect materials-Tufting Department, $39,500 31 Labor used: Direct labor-Spinning Department, $185.000 Direct labor-Tufting Department, $98,000 Indirect labor-Spinning Department, $18,500 Indirect labor-Tufting Department, $9,000 Depreciation charged on foxed assets: Spinning Department, $12,500 31