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 Debit Credit Jan. 18,000 1 Bal., 5,000 units, 10% completed 31 Direct materials, 26,700 units 53,400 71,400 31 Direct labor 17,100 88,500 31 Factory overhead 9,612 98,112 31 Goods transferred, 29,800 units ? ? 31 Bal., 1,900 units, 20% completed ? al. Prepare the March journal entry for the Papermaking Department for the materials charged to production. Work in Process-Papermaking Department Materials-Pulp Feedback 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 a3. Prepare the March journal entry for the Papermaking Department for the completed production transferred to the Converting Department. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar. Work in Process-Converting Department Work in Process-Papermaking Department Feedback b. Determine the Work in ProcessPapermaking Department March 31 balance. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar. $