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

Name: PepsiCo's Inventory AccountsTo which inventory account would PepsiCo
Uploaded: 2024-03-20T06:32:37.000Z
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Description: PepsiCo's Inventory AccountsTo which inventory account would PepsiCo record a debit for each of the following transactions? Drag theitems to the correct categories.⠀⠀⠀⠀⠀⠀⠀Item BankPotatoes Issued for theproduction of potatochipsLabor Incurred forpot

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead General and administrative expenses Totals Debit $ 68,000 37,000 23,500 0 9,000 3,000 Credit These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52: Labor time ticket 53: Labor time ticket 54: BERGO BAY COMPANY List of Account Balances December 31 $ 10,800 13,800 30,000 93,000 175,900 113,000 25,000 45,000 $ 323,500 $ 323,500 $ 4,700 direct materials to Job 402 $ 7,300 direct materials to Job 404 Debit $ 1,500 indirect materials $ 6,000 direct labor to Job 402 $ 14,000 direct labor to Job 404 $5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 150% of direct labor cost. 3.…