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cost of production and journal entries lighthouse paper company manufactures newsprint the product is manufactured into departments papermaking and converting puppies first placed into a

cost of production and journal entries
lighthouse paper company manufactures newsprint the product is manufactured into departments papermaking and converting puppies first placed into a vessel at the beginning of papermaking production the following information concerns production in the paper making department for March
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Account No. Account Work in Process-Papermaking Department Balance Debit Credit Date Item Debit Credit 13,440 1 Bal., 8,000 units, 40% completed Jan. 73,220 31 Direct materials, 42,700 units 59,780 90,880 17,660 31 Direct labor 100,820 31 Factory overhead 9,940 31 Goods transferred, 47,700 units 31 Bal., 3,000 units, 50% completed a1. Prepare the March journal entry for the Papermaking Department for the materials charged to Work in Process-Papermaking Department Materials-Pulp Feedback Check My Work a1. Remember there are three different types of inventory, materials, work in process, and finished goods. a2. Prepare the March journal entry for the Papermaking Department for the conversion costs char Work in Process-Papermaking Department Wages Payable Factory Overhead 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-Papermaking Department. Wages Payable Factory Overhead Check My Work these conversion costs are the units complete and ready for transfer? 2. What types of costs are included in conversion costs? By adding tment for the completed production transferred to the Converting Department. If required, round your interim ca culati final answer to the nearest dollar Work in Process Converting Department Work in Process-Papermaking Department Check My Work a3. Remember that each department has a work n process acount Aro those wits 100% complete and mady to be sold or are they sali Department March 31 balance. If required, round your interim calculations to two decimal places and your final answer to the nearest dol

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