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16. If an institution's food inventory on March 1 was $27,500; food purchases during the month of March was $48,275; ending inventory on April
16. If an institution's food inventory on March 1 was $27,500; food purchases during the month of March was $48,275; ending inventory on April 1 was $26,450; and the total number of meals prepared was 115,000. What was the food cost per meal?
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
