Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departmentsJ Papermakino and Converting. Pulp is first placed into a vessel at the beginning of papermakino production. The folloWIno information concerns production In the Papermaking Department for March: Account Work in ProcessiPape-rmaki'ng Department Account No. Balance Date Item Debit Credit Debit Credit Mar. 1 Balu EJDD units 30% completed 23,142 31 Direct materials, 4EJ4DD units 88,160 111,302 31 Direct labor 25,960 137,162 131 Factory overhead 14,548 151,710 31 Goods transferred, 51,500 units 7 7 31 Balu 3,3EIEI unitsJ 4D% completed 7 a1. Prepare the March Journal entry for the Papermaking Department for the materials charged to production. If an amount box does not require an entry, leave it blank. Do m 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. 4 m cm 4 a3. Prepare the March Journal entry for the Papermaking Department for the completed production transferred to the Converting Department. If an amount box does not require an entry, leave it blank. If required. round your interim calculations to two decimal places and your final answer to the nearest dollar. 4 DE EU I]. Determine the Work in ProcessPapermakind Department March 31 balance. If required. round your interim calculations to two decimal places and your final answer to the nearest dollar. $:]