Assume that you are the managerial accountant at Hershey's whose reporting year$-$end is December $31.$ What if you were working within the accounting department of this company, and you were aware senior management was concerned about lack of available cash to pay expected income taxes. Senior management wants expenses to be higher in the current accounting period to decrease income and the related income tax expense.

During the last month of the accounting period, the company purchased excess raw material ingredients for the production of the next accounting period's inventory production and anticipated sales. To decrease the company$$s tax liability, senior management requested you and your accounting department colleagues to record the purchase of this inventory as part of supplies and expense it in the current year to decrease the company's net income and its tax liability.

Required:

What is the proper account the purchase of these materials should be recorded? Which financial statement does this account show up on$?$

How should you respond to this request by the chief financial officer?