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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

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.

AccountWork in Process?Papermaking DepartmentAccount No.DateItemDebitCreditBalanceDebitCreditMar.1Bal., 4,400 units, 30% completed11,08831Direct materials, 23,500 units42,30053,38831Direct labor13,09066,47831Factory overhead7,35873,83631Goods transferred, 26,200 units??31Bal., 1,700 units, 40% completed

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My Collection - Stations - Pando X CengageNOWv2 | Online teachin X course hero - Bing X Course Hero X + X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . Ch. 20, Quiz B ? 1. PE.20-03.ALGO 31 Goods transferred, 26,200 units 31 Bal., 1,700 units, 40% completed 2. PE.20-05.ALGO a1. Prepare the March journal entry for the Papermaking Department for the materials charged to production. 3. PE.20-06.ALGO 4. EX.20-05.ALGO 5. EX.20-07.ALGO 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. 6. EX.20-19.ALGO 7. PR.20-02.ALGO 8. PR.20-03.ALGO 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. $ Type here to search O 11:04 PM 78OF 8/6/2021 30

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