Papyrus 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 July.

a. Prepare the following July journal entries for the Papermaking Department:
1. The materials charged to production.
2. The conversion costs charged to production.
3. The completed production transferred to the Converting Department.
b. Determine the Work in Process'Papermaking Department July 31balance.

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ACCOUNT Work in Process-Papermaking Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit July | Bal., 5,000 units, 20% completed 31 Direct materials, 68,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 65,000 units 31 | Bal., 8,000 units, 75% completed 24,500 330,500 430,500 491,500 306,000 100,000 61,000