Franklin 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 January.

Account Work in Process%u2014Papermaking Department							Account No.
Date		Item	Debit		Credit		Balance
							Debit		Credit
Jan.	1	Bal., 9,300 units, 70% completed					7,254
	31	Direct materials, 49,600 units	64,480				71,734
	31	Direct labor	19,850				91,584
	31	Factory overhead	11,164				102,748
	31	Goods transferred, 55,400 units			?		?
	31	Bal., 3,500 units, 80% completed					?

1.) Prepare the journal entry for the papermaking department for the completed production transferred to the converting department.

2.)Determine the work in process-Papermaking department January 31 balance.

Please show me how you got these numbers, thank you!!!!!