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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
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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