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Instructions
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
Required:
A. On March 31, prepare the following journal entries for the Papermaking Department:*
1 .The completed production transferred to the Converting Department.
B. Determine the Work in Process-Papermaking Department March 31 balance.
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