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 Credit Jan. 45,800 Debit 10,320 56,120 70,340 78,332 1 Bal., 4,300 units, 40% completed 31 Direct materials, 22,900 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 25,600 units 31 Bal., 1,600 units, 50% completed 14,220 7,992 al. Prepare the March Journal entry for the Paper making Department for the materials charged to production, Work in Process-Papermaling Department Materials-Pulp a 2. 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 Wages Payable Factory Overhead 7.992 Check My Work 1 more Check My Work uses remaining