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Bakery goods uses a process costing system and has two departments: Mixing and Packaging. At the end of the month, the production cost reports from
Bakery goods uses a process costing system and has two departments: Mixing and Packaging. At the end of the month, the production cost reports from the department show the costs of the products completed and transferred were $20,000 from Mixing to Packaging and $28,000 from Packaging to Finished Goods Inventory. Prepare the journal entries for these 2 transactions.
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