Exercise 4-7 (Algo) Process Costing Journal Entries [LO4-1] Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the truffles are packed for sale. The company uses a process costing system. The T-accounts below show the flow of costs through the two departments in April: Balance 4/1 Debit Direct materials: Direct labor. Work in Process-Cooking 11,000 330,000 263,000 Credit Transferred out 763,000 Overhead 185,000 Work in Process-Molding Balance 4/1 Transferred in Direct labor Overhead Required: Debit 20,000 763,000 119,000 88,000 Credit Transferred out 981,000 Prepare journal entries showing the flow of costs through the two processing departments during April. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)