Exercise 9: Process costing journal entries
Posted in: Process costing system (exercises)
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.
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