XERCISE 4-7 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 process- ing 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 8,000 Transferred out 160,000 42,000 50,000 75,000 Work in Process-Molding Balance 4/1 Transferred in Direct labor Overhead 4,000 Transferred out 240,000 160,000 36,000 45,000