Course Home eBook Account No. Date Jan. 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 Balance Item Debit Credit Debit Credit 1 Bal., 7,200 units, 80% completed 5,472 31 Direct materials, 38,400 units 72,960 78,432 31 Direct labor 20,260 98,692 31 Factory overhead 11,396 110,088 31 Goods transferred, 42,900 units 31 Bal., 2,700 units, 90% completed al. Prepare the March Journal entry for the Papurmaking Department for the materials charged to production Work in Process-Papermaking Department Materials-Pulp 7 ? 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 lll Feedback 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