A restaurant and beverage operation reported the following for the operating month of March, which had 27

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A restaurant and beverage operation reported the following for the operating month of March, which had 27 operating days. image text in transcribed

For the month of March, calculate the food inventory turnover ratio and inventory holding period in days that it takes for food inventory to turn over.LO1

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Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

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Question Posted: Jun 21, 2024 09:00 AM

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A restaurant and beverage operation reported the following for the operating month of March, which had 27

Question:

Food service inventory: March 1 $7,312 March 31 Cost of Sales $5,628 $38,820

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Hospitality Management Accounting

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