Question

eBook Calculator Entries for Materials Cost Flows in a Process Cost System The Hershey Company manufactures chocolate confectionery products. The three largest raw materials are cocos, 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 busi a. Materials used by the Blending Department. Debit account Credit account Credit account Credit account b. Transfer of blended product to the Molding Department. Debit account Credit account c. Transfer of chocolate to the Packing Department Debit account Credit account d. Transfer of boxed chocolate to the distribution center. Debit account Credit account Next > Check My Work 2 more Check My Work uses remaining Email Instructor Save and Exit Submit Assignment for Grading All work saved.

Answer 1

Solution :

a	Debit Account	Work In Process - Blending
	Credit Account	Raw materials - Cocoa
	Credit Account	Raw materials - Sugar
	Credit Account	Raw materials - Dehydrated Milk
b	Debit Account	Work In Process - Molding
	Credit Account	Work In Process - Blending
c	Debit Account	Work In Process - Packing
	Credit Account	Work In Process - Molding
d	Debit Account	Finished goods inventory
	Credit Account	Work In Process - Packing
e	Debit Account	Cost of goods sold
	Credit Account	Finished goods inventory