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A catering company records the following data regarding food cost for March: opening inventory is $378; closing inventory is $144; purchases are $12,706; employee meals
A catering company records the following data regarding food cost for March: opening inventory is $378; closing inventory is $144; purchases are $12,706; employee meals are $588; promotions are $831; and steward sales are $701. What is the food cost for this business in March? (Assume no other variables impacting cost of food sold are in play.)
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