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lomework Saved Exercise 5-7 (Algo) Process Costing Journal Entries (L05-1] Chocolaterie de Geneve, SA is located in a French speaking canton in Switzerland. The company
lomework Saved Exercise 5-7 (Algo) Process Costing Journal Entries (L05-1] 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 trufles 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 763,000 Bebit Bance 42 Direct waterials Direct labor Ovechead Work in Process-Cooking Credit 13,000 Transferred out 330,000 250,000 189,000 Work 1 Process-Melding Credit 92.000 Transferred out 763,000 116,000 14,000 981,000 Debit Balance 4/1 Transferred in Direct labor Overhead Required: Prepare journal entries showing the flow of costs through the two processing departments during April of no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet SEO 5/55A -work Saved View transaction list Journal entry worksheet
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