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?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
6th Edition
324559674, 978-0324559675
