Cost of Production and Journal Entries Date 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. Balance Item Debit Credit Debit Credit Jan. 1 Bal., 5,400 units, 60% completed 7,776 31 Direct materials, 28,800 units 51,840 59,616 31 Direct labor 15,530 75,146 31 Factory overhead 8,734 83,880 31 Goods transferred, 32,100 units 31 Bal., 2,100 units, 70% completed ? ? al. Prepare the March Journal entry for the Papermaking Department for the materials charged to production Work in Process-Papermaking Department 51,810 Materials-Pulp 51,840 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 Process-Papermaking Department Wages Payable Factory Overhead 8,734 a3. Prepare the March Journal entry for the Papermaking Department for the completed production transferred to the Converting Department. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar. Work in Process-Converting Department Work in Process-Papermaking Department b. Determine the Work in Process-Papermaking Department March 31 balance. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar