Question
A restaurant records the following data over a month for its food: Opening inventory: $31,000 Purchases: $88,000 Closing Inventory: $28,000 Transfers in: $800 Transfers out:
A restaurant records the following data over a month for its food:
Opening inventory: $31,000
Purchases: $88,000
Closing Inventory: $28,000
Transfers in: $800
Transfers out: $200
Employee meals: $1,500
Promotions: $400
What is the cost of food sold for this restaurant? (include comma but do not include $ sign)
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Essentials of Business Law and the Legal Environment
Authors: Richard A. Mann, Barry S. Roberts
12th edition
9781305445734, 1305075439, 1305445732, 978-1305075436
