Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulpis first placed wito a vessel at the beginning paper making production. The following information concerns production in the Papermeking Department for March Account Work in Process Paper making Department Account No. Date Item Debit Credit Balance Debit Credit Jan. 1 Bal., 6,000 units, 20% completed 12,480 31 Direct materials, 32,000 units 41,600 54,080 31 Direct labor 13,510 67,590 31 Factory overhead 7,604 75,194 31 Goods transferred, 35,700 units 31 Bal., 2,300 units, 30% completed al. Prepare the March journal entry for the Papermaking Department for the materials charged to production Work in Process Papermaling Department Materials Pulp 41.600 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. Work in Process Papermaling Department Wages Payable Factory Overhead Work in Process Papermaling Department Wages Payable Factory Overhead a3. Prepare the March journal entry for the paper making Department for the completed production transferred to the Converting Department. If required, round your interm calculations to two decimal places and your final answer to the nearest dollar Work in Process Converting Department Work in Process Papermaling Department Check My Work a3 Remember that each department has a work in process account Are these units 100 complete and ready to be sold or are they still in process? 1. 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 Check My Work How many units are still in process at the end of the period? How complete are these units in terms of materials and conversion How many given units does the ending work in process contain