The Hershey Company (HSY) manufactures chocolate confectionery products. The three largest raw materials ar cocoa, sugar, and dehydrated milk. These raw materials first go into the Blending Department. The blended produ 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 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 the Blending Department. b. Transfer of blended product to the Molding Departmen c. Transfer of chocolate to the Packing Department. d. Transfer of boxed chocolate to the distribution center. e. Sale of boxed chocolate. 11

The Hershey Company (HSY) manufactures chocolate confectionery products. The three largest raw materials ar cocoa, sugar, and dehydrated milk. These raw materials first go into the Blending Department. The blended produ 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 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 the Blending Department. b. Transfer of blended product to the Molding Departmen c. Transfer of chocolate to the Packing Department. d. Transfer of boxed chocolate to the distribution center. e. Sale of boxed chocolate. 11

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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