FloorMate Carpet Company manufactures carpets Fiber is place

FloorMate 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 October 1, FloorMate Carpet Company had the following inventories:

Departmental accounts are maintained for factory overhead, and both have zero balances on October 1. Manufacturing operations for October are summarized as follows:

Finished Goods	$8,400
Work in Process-Spinning Department	1,600
Work in Process-Tufting Department	2,100
Materials	4,500

Solution

1 Date General Journal Debit Credit Oct 1 Materials $                    84,300 Accounts Payable $                       84,300 Oct 2 Work in Process—Spinning Department $                    42,600 Work in Process—Tufting Department $                    34,500 Factory Overhead—Spinning Department $                      4,000 Factory Overhead—Tufting Department $                      2,500 Materials $                       83,600 Oct 31 Work in Process—Spinning Department $                    27,200 Work in Process—Tufting Department $                    18,600 Factory Overhead—Spinning Department $                    12,200 Factory Overhead—Tufting Department $                    11,800 Wages Payable $                       69,800 Oct 31 Factory Overhead—Spinning Department $                      5,300 Factory Overhead—Tufting Department $                      3,300 Accumulated Depreciation $                         8,600 Oct 31 Factory Overhead—Spinning Department $                      1,200 Factory Overhead—Tufting Department $                      1,000 Prepaid Insurance $                         2,200 Oct 31 Work in Process—Spinning Department $                    23,100 Work in Process—Tufting Department $                    18,150 Factory Overhead—Spinning Department $                       23,100 Factory Overhead—Tufting Department $                       18,150 Oct 31 Work in Process—Tufting Department $                    86,000 Work in Process—Spinning Department $                       86,000 Oct 31 Finished Goods $                 150,000 Work in Process—Tufting Department $                    150,000 Oct 31 Cost of Goods Sold $                 154,500 Finished Goods $                    154,500 2 Materials Work in Process - Spinning Dept. Work in Process - Tufting Dept. Finished Goods Balance, October 1 $               4,500 $                 1,600 $       2,100 $    8,400 Debits                 84,300                   92,900       157,250    150,000 Credits               (83,600)                 (86,000)     (150,000) (154,500) Balance, October 31 $               5,200 $                 8,500 $       9,350 $    3,900 1 $42,600 + $27,200 + $23,100 = 92900 2 $34,500 + $18,600 + $18,150 + $86,000 = 157250 3 Factory Overhead —Spinning Dept. Factory Overhead —Tufting Dept. Balance, October 1 $                             -   $                                -   Debits                        22,700                           18,600 Credits                      (23,100)                         (18,150) Balance, October 31                            (400)                                 450 1 $4,000 + $12,200 + $5,300 + $1,200 = $22,700 2 $2,500 + $11,800 + $3,300 + $1,000 = 18,600