eBook Calculator 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. Date Item Debit Credit Balance Debit Credit Jan. 20,944 90,814 69,870 20,260 1 Bal., 7,700 units, 20% completed 31 Direct materials, 41,100 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 45,900 units 31 Bal., 2,900 units, 30% completed 111,074 122,475 11,401 ? 7 ? a1. Prepare the March Journal entry for the Papermaking Department for the materials charged to production 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, Check My Work Save and Exit Submit Assignment for Grading eBook Calculator ? 7 31 Goods transferred, 45,900 units 31 Bal., 2,900 units, 30% completed 2 al. Prepare the March journal entry for the Papermaking Department for the materials charged to production. 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. 89 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. b. 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. Previous Next > Next Check My Work