PepsiCo's Inventory Accounts To which inventory account would PepsiCo record a debit for each of the following transactions? Drag the items to the correct categories. ⠀ # Item Bank Potatoes Issued for the production of potato chips Labor Incurred for potato chip production Seasonings used in the production of potato chips RAW MATERIALS Drop Item Here WORK IN PROCESS Drop Item Here

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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PepsiCo's Inventory Accounts
To which inventory account would PepsiCo record a debit for each of the following transactions? Drag the
items to the correct categories.
⠀
⠀
⠀
⠀
⠀
⠀⠀
Item Bank
Potatoes Issued for the
production of potato
chips
Labor Incurred for
potato chip production
Seasonings used in the
production of potato
chips
Oll used in the produc-
tion of potato chips
Foreman salary
Potato chip production
equipment depreciation
Cost of goods trans-
ferred to finished goods
Potatoes
Seasonings
Oil
RAW MATERIALS
Drop Item Here
WORK IN PROCESS
Drop Item Here
FINISHED GOODS
Drop Item Here
Transcribed Image Text:PepsiCo's Inventory Accounts To which inventory account would PepsiCo record a debit for each of the following transactions? Drag the items to the correct categories. ⠀ ⠀ ⠀ ⠀ ⠀ ⠀⠀ Item Bank Potatoes Issued for the production of potato chips Labor Incurred for potato chip production Seasonings used in the production of potato chips Oll used in the produc- tion of potato chips Foreman salary Potato chip production equipment depreciation Cost of goods trans- ferred to finished goods Potatoes Seasonings Oil RAW MATERIALS Drop Item Here WORK IN PROCESS Drop Item Here FINISHED GOODS Drop Item Here
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