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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

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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. a1. Prepare the March journal entry for the Papermaking Department for the materials charged to production. a2. Prepare the March journal entry for the Papermaking Department for the conversion costs charged to broduction. If an amount box does nat require an entry. leave it biank. a3. Prepare the March journal entry for the Papermaking Department for the completed produrtion transferred to the Converting Department If required, rounif your interim calculations to two decimat places and your final answer to the nearest dollar: a1. Prepare the March journal entry for the Papermaking Department for the materials charged to production, 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, ieave it blank. a3. Prepare the March foumal entry for the Papermaking Dopartment for the completed production transferred to the Converting Department. If required, rand your interim calculations to two decimal places and your final answer to the nearest dollar. 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

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