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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: 762,000 Work in Process-Cooking Balance 4/1 8,000 Transferred out Direct 331,000 materials Direct labor 265,000 Overhead 187,000 Work in Process-Molding Transferred Balance 4/ 1 20,000 out Transferred in 762,000 Direct labor 121,000 Overhead 88,000 975,000 Required: 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.) View transaction list Journal entry worksheet < 1 2 3 4 5 Record issuance of raw materials. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry

Answer 1

Transaction	Journal Entries	Debit	Credit
1	Raw Materials Used:
	Work in process - cooking	331000
	Raw material inventory		331000
2	Direct labor used - cooking
	Work in process - cooking	265000
	Salaries and Wages payable		265000
3	direct labor used - molding
	Work in process - molding	121000
	Salaries and Wages payable		121000
4	Overhead - Cooking
	Work in process - cooking	187000
	Manufacturing overhead		187000
5.	Overhead - molding
	Work in process - molding	88000
	Manufacturing overhead		88000
6	Work in process transferred-
	Work in process - Molding	762000
	Work in process - cooking		762000
7	Goods completed
	Finished Goods	975000
	Work in process - molding		975000