Business, 26.05.2021 02:10 minmaddiee

REAL WORLD EX 17-1 Entries for materials cost flows in a process cost system
Obj. 1,3
The Hershey Company manufactures chocolate confectionery products. The three largest
raw materials are cocoa, sugar, and dehydrated milk. These raw materials first go into the
Blending Department. The blended product is then sent to the Molding Department, where
the bars of candy are formed. The candy is then sent to the Packing Department, where the
bars are wrapped and boxed. The boxed candy is then sent to the distribution center, where
it is eventually sold to food brokers and retailers.

show the accounts debited and credited for each of the following business events:

a. materials used by blending department
b. transfer of blended product to the molding department
c. transfer of chocolate to the packing department
d. transfer of boxed chocolate to the distribution center
e. sale of boxed chocolate

Answers: 3

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REAL WORLD EX 17-1 Entries for materials cost flows in a process cost system
Obj. 1,3
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