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Problem 1 Compute the cost of sales from the following information. Food Sales Cost of Food Used Employee Meals Served $80,000 23,000 500 Problem 2

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Problem 1 Compute the cost of sales from the following information. Food Sales Cost of Food Used Employee Meals Served $80,000 23,000 500 Problem 2 Compute the gross profit from the following information: Sales Cost of Sales Payroll Operating Expenses $100,000 33,000 30,000 12,000

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