Business, 14.04.2021 03:50 NNopeNNopeNNope

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:

Account Work in Process—Papermaking Department
Mar. 1 Bal., 2,600 units, 35% completed 9,139
31 Direct materials, 105,000 units 330,750 339,889
31 Direct labor 40,560 380,449
31 Factory overhead 54,795 435,244
31 Goods transferred, 103,900 units ? ?
31 Bal., 3,700 units, 80% completed ?

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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Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product...

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