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 ProcessPapermaking 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 31 Direct labor 330,750 339,889 40,560 380,449 31 Factory overhead 54,795 435,244 ? ? 31 Goods transferred, 103,900 units 31 Bal., 3,700 units, 80% completed ?