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 Date Item Debit Credit Debit Credit Jan. 1 Bal., 6,000 units, 80% completed 3,600 31 Direct materials, 32,000 units 48,000 51,600 31 Direct labor 14,770 66,370 31 Factory overhead 8,309 74,679 31 Goods transferred, 35,700 units ? ? 31 Bal., 2,300 units, 90% completed ?
Determine the Work in Process—Papermaking Department Jan 31 balance.