Complete the remaining part

Cost of Production and Journal Entries 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 Work in Process-Papermaking Department Account No. Date Item Balance Debit Credit Debit Credit Mar. 1 Bal., 5,300 units, 80% completed 31 Direct materials, 28,300 units 50,940 31 Direct labor 31 Factory overhead 31 Goods transferred, 31,600 units 31 Bal., 2,000 units, 90% completed 3,816 4,756 69,686 78,084 14,930 8,398 al. Prepare the March journal entry for the Papermaking Department for the materials charged to production. 0,940 Work in Process-Pa kin 50,940 Feedbadk Check My Work al. Remember there are three different types of inventory; materials, work in process, and finished goods. a2. Prepare the March journal entry for the Papermaking Department for the conversion costs charged to production. If an amount box does not require an entry, leave it blank. Work in 23,328 able 14,930 Overhead-P 8,398