Floor Guard 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 July 1, Floor Guard Carpet Company had the following inventories:

Finished Goods $51,200

Work in Process?Spinning Department 8,500

Work in Process?Tufting Department 23,600

Materials 41,100

Departmental accounts are maintained for factory overhead, and both have zero balances on July 1.

Manufacturing operations for July are summarized as follows:

Instructions1. Journalize the entries to record the operations, identifying each entry by letter.2. Compute the July 31 balances of the inventory accounts.3. Compute the July 31 balances of the factory overheadaccounts.

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$825,300 a. Materials purchased on account b. Materials requisitioned for use: Fiber-Spinning Department Carpet backing-Tufting Department .. Indirect materials-Spinning Department Indirect materials-Tufting Department c. Labor used: Direct labor-Spinning Department Direct labor-Tufting Department Indirect labor-Spinning Department Indirect labor-Tufting Department d. Depreciation charged on fixed assets: Spinning Department Tufting Department. e. Expired prepaid factory insurance: Spinning Department Tufting Department f. Applied factory overhead: Spinning Department Tufting Department g. Production costs transferred from Spinning Department to Tufting Department h. Production costs transferred from Tufting Department to Finished Goods i. Cost of goods sold during the period $547,200 215,300 44,200 16,900 $234,700 189,900 124,200 110,000 $56,700 32,500 $12,000 9,000 $235,600 169,800 $1,021,600 $1,590,200 $1,600,700