PR 20-1A Entries for process cost system OBJ. 1, 3 rpet Company manufactures carpets. Fiber is placed in process in the ning Department ry Port Ormond Carpet Company manufactures carpets. Fiber is place Spinning Department, where it is spun into yarn. The output of the Spi of the had the following inventories: 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 is completed. On January 1, Port Ormond 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: a. Materials purchased on account... b. Materials requisitioned for use: $500,000 Carpet backing Tufting Department . . ..110,000 46,000 Indirect materials- Tufting Department . 39,500 (Continued)