Hershey Foods Corporation is the market leader in the candy business, making the well-h known chocolate and candy brands Hershey's Kisses, Reese's peanut butter cups, and Kit Kat. Required 1. Go to http://www.hersheys.com and, in the left-hand column, click on Plant Tour and then From Bean to Bar. Hershey identifies how many steps for making a candy bar? Review the steps. During what step are milk and sugar added? When are the nuts added? Do the nuts or the chocolate go into the mold first? Should Hershey Foods use job cost- ing or process costing? Why? 2. How many raw material inventory accounts should Hershey maintain for its candy-bar ingredients? When are the milk and sugar ingredient costs transferred to a Work in Process Inventory account? To the Finished Goods account? To Cost of Goods Sold? 3. Assume that the processing steps each incur equal amounts of conversion costs. Assume the ingredients for 100,000 candy bars have completed step 5: blending. At this point. how many equivalents units have been added of: Milk and sugar? Nuts? Conversion costs? 4. Go to http://www.hersheys.com/annualreport/ and read the information displayed. Did Hershey Foods have a good year financially? At the bottom of the page, use the pull- down menu to select Assuring an Adequate Cocoa Supply. Read the information displayed. Is Hershey concerned about maintaining an adequate supply of cocoa beans? What is the CMA?