Cost of production and journal entries Instructions Chart of Accounts Journal Final Question X Instructions 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 Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 2,600 units, 35% completed 9,139 31 Direct materials, 105,000 units 330,750 339,889 31 Direct labor 40,560 380,449 31 Factory overhead 54,795 435,244 31 Goods transferred, 103,900 units ? ? 31 Bal., 3,700 units, 80% completed ? Required: A. On March 31, prepare the following 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 ProcessPapermaking Department March 31 balance. * Refer to the Chart of Accounts for exact wording of account titles.