EXERCISE 4–8 Process Costing Journal Entries [LO1]
Schneider Brot is a bread-baking company located in Aachen, Germany, near the Dutch border. The company uses a process costing system for its single product—a popular pumpernickel bread. Schneider Brot has two processing departments—Mixing and Baking. The T-accounts below show the flow of costs through the two departments in April (all amounts are in the currency euros):
Work in Process—Mixing
Work in Process—Baking
Prepare journal entries showing the flow of costs through the two processing departments during April.