heducation.com/ext/map/index.html?.con contexternal browser-0&daunchUrt http%253A%252F%252Fnewlearn.govst.edu/%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab,tab grou 30 Exercise 4-7 (Algo) Process Costing Journal Entries [LO4-1] Sived 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: Direct labor Overhead Debit 11,000 Credit Transferred out 756,000 327,000 256,000 186,000 Work in Process-Molding Debit Credit 16,000 Transferred out 976,000 Balance 4/1 Transferred in Direct labor Overhead Required: 756,000 125,000 91,000 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 eccount field.) View transaction list Journal entry worksheet 1 2 3 4 5 Record issuance of raw materials. Note: Enter debits before credits. Prev 1 of 18 Next >