Instructions

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
Date		Item	Debit	Credit	Debit	Credit
Mar.	1	Bal., 2,600 units, 35% completed			9,154
	31	Direct materials, 105,000 units	339,200		348,354
	31	Direct labor	40,200		388,554
	31	Factory overhead	44,872		433,426
	31	Goods transferred, 103,900 units		?	?
	31	Bal., 3,700 units, 80% completed			?

Required:

A.

On March 31, prepare the following journal entries for the Papermaking Department:*

1.	The materials charged to production.
2.	The conversion costs charged to production.
3.	The completed production transferred to the Converting Department.

B. Determine the Work in ProcessPapermaking Department March 31 balance.