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. Balance Date Item Mar 1 Bal, 2,400 units, 35% completed Debit Credit Debit Credit 9,160 31 Direct materials, 104,000 units 343,200 352,360 31 Direct labor 40,200 392,560 31 Factory overhead 33,342 425,902 ? ? ? 31 Goods transferred, 103,900 units 31 Bal, 2,500 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 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 Process-Papermaking Department March 31 balance. "Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount. 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 "Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount. DATE DESCRIPTION JOURNAL PAGE 10 ACCOUNTING EQUATION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY rnal Final Question b. Determine the Work in Process-Papermaking Department March 31 balance. $ E