Tuftung Department, $$8,500$

$31$ Expired prepaid tactory insurance

Spinning Department, $$2,000$

Tufting Department, $$1,000$

$31$ Applied factory overhead.

Spinning Department, $$80,000$

Tufung Department, $$55000$

$31$ Production costs transferred from Spinning Department to Tufting Department $$547,000$

$31$ Production costs transferred from Tufting Department to Finished Goods, $$807,200$

$31$ Cost of goods sold during the period, $$795,200$

Required:

$1$ Joumalize the entries to record the operations, using the dates provided with the summary of manufactunng operations

$2.$ Compute the January $31$ balances of the inventory accounts.

$3.$ Compute the January $31$ balances of the factory overhead accounts