EXERCISE 4-7 Process Costing Journal Entries L04-1 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 Work in Process-Cooking Balance 4/1 Direct materials 8.000 Transferred out 42.000 160,000 Direct labor 50,000 Overhead 75.000 Work in Process-Molding Balance 4/11 4.000 Transferred out 240,000 Transferred in 160.000 Direct labor Overhead 36.000 45.000 es Required: Prepare journal entries showing the flow of costs through the two processing departments during April. Page 165