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	$8,200
Work in Process-Spinning Department	1,800
Work in Process-Tufting Department	2,900
Materials	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, $82,700
	2	Materials requisitioned for use:
		Fiber-Spinning Department, $43,800
		Carpet backing-Tufting Department, $34,900
		Indirect materials-Spinning Department, $3,200
		Indirect materials-Tufting Department, $2,800
	31	Labor used:
		Direct labor-Spinning Department, $27,000
		Direct labor-Tufting Department, $17,400
		Indirect labor-Spinning Department, $11,600
		Indirect labor-Tufting Department, $11,700
	31	Depreciation charged on fixed assets:
		Spinning Department, $5,200
		Tufting Department, $3,100
	31	Expired prepaid factory insurance:
		Spinning Department, $1,500
		Tufting Department, $1,000
	31	Applied factory overhead:
		Spinning Department, $21,850
		Tufting Department, $18,350
	31	Production costs transferred from Spinning Department to Tufting Department, $86,000
	31	Production costs transferred from Tufting Department to Finished Goods, $152,800
	31	Cost of goods sold during the period, $157,900

	Required:
1.	Journalize 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 journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
2.	Compute the January 31 balances of the inventory accounts.*
3.	Compute the January 31 balances of the factory overhead accounts.*
	*Enter your amounts in positive value.