Faber 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 pumper-nickel bread. Faber 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 euros: ‚¬):

Required:
Prepare journal entries showing the flow of costs through the two processing departments during April.

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Work in Process-Mixing 10.000 Transferred out 330,000 260,000 190,000 Balance 14 Direct materials Direct labour Overhead 760000 Work in Process-Baking 20.000 Transferred out 760,000 120,000 90,000 Balance 14 Transferred in Direct labour Overhead 980,000