Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Convert 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 Date Item Debit Credit Debit Credit Jan. 23,904 94,784 1 Bal., 8,300 units, 10% completed 31 Direct materials, 44,300 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 49,400 units 31 Bal., 3,200 units, 20% completed 70,880 22,050 12,397 116,834 129,231 al. Prepare the March Journal entry for the Papermaking Department for the materials charged to production. Work in Process-Papermaking Department 70,880 Materials-Pulp 70,880 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 34,447 Wages Payable 22,050 Factory Overhead 12,397 Feedback 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 Feedback Check My Work a3. Remember that each department has a work in process account. Are these units 100% complete and ready to be sold or are they still in process? 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