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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:
Account Work in ProcessPapermaking Department Account No
Date Item Debit Credit Balance
Debit Credit
Mar. Bal., units, completed
Direct materials, units
Direct labor
Factory overhead
Goods transferred, units
Bal., units, completed
Question Content Area
a 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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Question Content Area
a 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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Question Content Area
a 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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Question Content Area
b Determine the Work in ProcessPapermaking Department March balance. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar.
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