Question

Check my w 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: 758,000 Balance 4/1 Direct materials Direct labor Overhead Work in Process Cooking 11,000 Transferred out 330,000 255,000 191,000 Work in Process-Holding 21,000 Transferred out 758,000 123,000 92,000 981,000 Balance 4/1 Transferred in Direct labor Overhead 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 < Prev 5 of 5 H Next

Answer 1

Answer
Acconut Titles and explanation	Debit $	Credit $
Work in Process—Cooking	$    330,000
Raw Materials Inventory		$       330,000
Work in Process—Cooking	$    255,000
Work in Process—Molding	$    123,000
Wages Payable		$       378,000
Work in Process—Cooking	$    191,000
Work in Process—Molding	$      92,000
Manufacturing Overhead		$       283,000
Work in Process—Molding	$    758,000
Work in Process—Cooking		$       758,000
Finished Goods	$    981,000
Work in Process—Molding		$       981,000