Beacon Paper Company manufactures newsprint. The product is manufactured in two departments, Paper-making and Converting. Pulp is first placed into a vessel at the beginning of paper-making production. The following information concerns production in the Paper-making Department for January.

a. Prepare the following January journal entries for the Paper-making 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€”Paper-making Department January 31 balance.

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ACCOUNT Work in Process-Papermaking Department ACCOUNT NO. Balance Credit Date Debit Debit Credit Item Jan. 1 Bal., 3,400 units, 35% completed 31 Direct materials, 82,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 81,200 units Bal., 4,200 units, 80% completed 15,300 307,500 93,477 322,800 416,277 497,877 81,600 ? 31