Cost of Production and Journal Entries production in the Papermaking Department for March

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 ProcessPapermaking Department Account No. Balance Date Mar. 1 31 31 31 31 31 Item Bal., 6,000 units, Direct materials, Direct labor Factory overhead 70% completed 32,000 units Debit 57,600 17,070 9,602 Credit Debit 6,480 64,080 81,150 90,752 Credit Goods transferred, 35,700 units Bal., 2,300 units, 80% completed al. Prepare the March journal entry for the Papermaking Department for the materials charged to production. If an amount box does not require an entry, leave it blank. 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. a3. Prepare the March journal entry for the Papermaking Department for the completed production transferred to the Converting Department. If an amount box does not require an entry, leave it blank. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar. b. Determine the Work in ProcessPapermaking Department March 31 balance. If required, round your interim calculations to two decirnal places and your final answer to the nearest dollar.