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 ​

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?