Manufacturing operations for January are summarized as follows: a. Materials purchased on account ...
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Accounting
Manufacturing operations for January are summarized as follows: a Materials purchased on account $ b Materials requisitioned for use: FiberSpinning Department $ Carpet backingTufting Department Indirect materialsSpinning Department Indirect materialsTufting Department c Labor used: Direct laborSpinning Department $ Direct laborTufting Department... Indirect laborSpinning Department Indirect laborTufting 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 $ $ $ Instructions Journalize the entries to record the operations, identifying each entry by letter. Compute the January balances of the inventory accounts. Compute the January balances of the factory overhead accounts. 
Manufacturing operations for January are summarized as follows:
a Materials purchased on account
$
b Materials requisitioned for use:
FiberSpinning Department
$
Carpet backingTufting Department
Indirect materialsSpinning Department
Indirect materialsTufting Department
c Labor used:
Direct laborSpinning Department
$
Direct laborTufting Department...
Indirect laborSpinning Department
Indirect laborTufting 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
$
$
$
Instructions
Journalize the entries to record the operations, identifying each entry by letter.
Compute the January balances of the inventory accounts.
Compute the January balances of the factory overhead accounts.
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