Exercise 9: Process costing journal entries

By: Rashid Javed | Updated on: October 24th, 2021

The Veeta Baking Company has a single product known as Veeta Bread. The company uses a process costing system. The Veeta Bread is processed through two departments – mixing department and baking department.

The flow of cost through mixing and baking departments for the month of July has been shown by the following work in process T-accounts:

Required: Using the information given in above T-accounts, make journal entries to show the flow of cost through mixing and baking departments for the month of July.

Solution

Journal entries

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