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Kathy Piper is the Regional Manager of Ruby Tuesday's chain. She has the following balances in the Marion Restaurant: Closing Inv 50,000 Opening Inv 30,000
Kathy Piper is the Regional Manager of Ruby Tuesday's chain. She has the following balances in the Marion Restaurant:
Closing Inv 50,000
Opening Inv 30,000
Purchases 18,000
Transfers to other units 200
Cooking Liquor 450
Promo Expense 120
Transfers from other units 40
Employee meals 200
A) Calculate cost of food issued
B) Calculate cost of food consumed
C) Calculate cost of food sold D)Kathy suspects that approximately 10% of the food purchased was lost due to spoilage or pilferage. Why doesn't she subtract this from the cost of food sold?
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