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Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first

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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. 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 ? 7 31 Bal., 3,700 units, 80% completed a1. Prepare the March journal entry for the Papermaking Department for the materials charged to production. Work in Process-Papermaking Department Materials-Pulp 10,660 X 64,360 X Feedback Check My Work Check My Work 2 All work saved. stv MacBook Air A Previous Email Instructor Save and Exit Submit Assignment for Grading

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