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$.$

Date Item Debit Credit Balance

Debit Credit

Mar. $1$ Bal., $4,600$ units, $40\%$ completed $7,176$

$31$ Direct materials, $24,500$ units $31,85039,026$

$31$ Direct labor $10,14049,166$

$31$ Factory overhead $5,70654,872$

$31$ Goods transferred, $27,400$ units $??$

$31$ Bal., $1,700$ units, $50\%$ completed $?$

Question Content Area

a$1.$ Prepare the March journal entry for the Papermaking Department for the materials charged to production. If an amount box does not require an entry, leave it blank.

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Work in Process$-$Papermaking Department

$31,850$

Materials$-$Pulp

$31,850$

Question Content Area

a$2.$ 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.

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Work in Process$-$Papermaking Department

Wages Payable

$10,140$

Factory Overhead

$5,706$

Question Content Area

a$3.$ Prepare the March journal entry for the Papermaking Department for the completed production transferred to the Converting Department. If an amount box does not require an entry, leave it blank. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar.

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Work in Process$-$Converting Department

Work in Process$-$Papermaking Department

Question Content Area

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.

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