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Cost of Production and Journal Entries

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:

$\backslash$table$[[$Date$,$Item,Debit,Credit,Balance$],[$Debit$,$Credit$],[$Mar$.,1$ Bal., $7,800$ units, $10\%$ completed,,,$22,464,],[31$ Direct materials, $41,600$ units,$66,560,,89,024,],[31$ Direct labor,$20,710,,109,734,],[31$ Factory overhead,$11,644,,121,378,],[31$ Goods transferred, $46,400$ units,,?,?,$],[31$ Bal., $3,000$ units, $20\%$ completed,,,?,$]]$

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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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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$31$ Bal., $3,000$ units, $20\%$ completed

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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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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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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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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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