Veeta Baking Company has a single product known as Veeta Bread. The company uses a process costing system. The 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.