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Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting....

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Accounting

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.
a. On March 31, prepare the following journal entries for the Papermaking Department:*
The materials charged to production
The conversion costs charged to production
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.
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