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9. Restaurant ABC had net sales of $23,000 for the month of February. The retail price of inventory at the beginning of February was
9. Restaurant ABC had net sales of $23,000 for the month of February. The retail price of inventory at the beginning of February was $4,500, and at the end of February was $6,750. Find: a.) the average inventory at retail and b.) the tumover rate at retail for February. 10. Explain how to find the department overhead based on sales.
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
