Port Orrnond Carpet Company manulactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yam. The output of the Spinning Department is transterred to the Tutting Department, where carpet backing is added at the beginning of the process and the process is completed. On January 1 , Poat Ormond Carpet Company had the folowing inventories: Departmental accounts are maintained for factory overhead, and both have zero balances on January 1 . Manufacturing operations tor January are summanized as tollows: Jan. 1. Materials purchased on abcount, 881,300 2 Malecials requisitioned for use: Fibor-Spinning Department, $42,000 Carpet backing-Tuting Department, $34,000 Indirect materials-Spinning Department, $3,300 Instructions Indirect materials-Tutting Department, $2,500 31 Labor used: Direct labor-Spinning Department, $26,800 Direct labor-Tutting Department, $18,700 Indirect labor-Spinning Department, $11,500 Indirect labor-Tting Department, $11,700 31 Depreciation charged on fixed assets: Spinning Department, $5,300 Tutting Department, $3,300 31 Expired prepaid factory insurance: Spinning Department, $1,200 Tutting Department, $1,100 31 Applied tactory overhead: Spinning Department, $21,700 Tufting Department, $18,400 31. Production costs transferred trom Spinning Department to Tutting Department, 586,500 31 Applied factory overhead: Spinning Department, $21,700 Tufting Department, $18,400 31 Production costs transferred from Spinning Department to Tufting Department, $86,500 31 Production costs transferred from Tutting Department to Finished Goods, $153,600 31 Cost of goods sold during the period, $155,200 Required: 1. Joumalize the entries to record the operations, using the dafes provided with the summary of manufacturing operations. Refor to the chart of accounts for the exact wording of the account biles. CNOW joumals do not use lines for spaces or joumal explanations. Every Ine on a foumal page is used for debit or credit entries. Do not add explanations or skip a line botween joumal entries. CNOW joumals 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 balences of the factory overhead accounts. " - Enter your amounts in positive value. Port Ormond Carpet Company Insi Chart of Accounts 151 Factory Uvernead-Spinning Department 50