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., 2,000 units, 35% completed			9,154
	31	Direct materials, 106,000 units	339,200		348,354
	31	Direct labor	40,200		388,554
	31	Factory overhead	44,872		433,426
	31	Goods transferred, 103,200 units		?	?
	31	Bal., 4,800 units, 80% completed			?

Required:

A.

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

1	The completed production transferred to the Converting Department.

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