Franklin 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 January
a1. Prepare the January journal entry for the Papermaking Department for the materials charged to production.
a2. Prepare the January journal entry for the Papermaking Department for the conversion costs charged to production. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
a3.Prepare the January journal entry for the Papermaking Department for the completed production transferred to the Converting Department.
b. Determine the Work in Process%u2014Papermaking Department January 31 balance.