Cost of production and journal entries OBJ. 1, 2, 3 Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March:

ACCOUNT NO.

Date Item Debit Credit Mar. 1 31 31 31 31 31 Bal., 2,600 units, 35% completed Direct materials, 105,000 units Direct labor Factory overhead Goods transferred, 103,900 units Bal., 3,700 units, 80% completed 9,139 339,889 380,449 435,244 Debit Credit 330,750 40,560 54,795 Balance

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a. Prepare the following March journal entries for the Papermaking Department:
1. The materials charged to production.
2. The conversion costs charged to production.
3. The completed production transferred to the Converting Department.

b. Determine the Work in Process—Papermaking Department March 31 balance.