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Honey Bees produces pure honey and distributes it in 8 o z bottles. While harvesting and packaging the honey, pollen is collected and sold to
Honey Bees produces pure honey and distributes it in bottles. While harvesting and packaging the honey, pollen is collected and sold to another distributor that uses it to make Bee Bread. The honey is sold for $ per bottle, and the pollen is sold for $ per pound. Honey Bees produced of honey and of pollen. Instructions a Assuming Honey Bees uses the production method to account for byproducts, record the journal entry to record the sale of the pollen. b Assuming Honey Bees uses the sales method to account for byproducts, record the journal entry to record the sale of the pollen. c Explain how the byproduct benefits the company's income in each of the above methods.
Honey Bees produces pure honey and distributes it in bottles. While harvesting and packaging the honey, pollen is collected and sold to another distributor that uses it to make Bee Bread. The honey is sold for $ per bottle, and the pollen is sold for $ per pound. Honey Bees produced of honey and of pollen.
Instructions
a Assuming Honey Bees uses the production method to account for byproducts, record the journal entry to record the sale of the pollen.
b Assuming Honey Bees uses the sales method to account for byproducts, record the journal entry to record the sale of the pollen.
c Explain how the byproduct benefits the company's income in each of the above methods.
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