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The restaurant's beginning and ending food inventory for 2020 totaled $13,000 and $14,000 respectively. Additional 2020 information is as follows: Food purchases: Employee meals:
The restaurant's beginning and ending food inventory for 2020 totaled $13,000 and $14,000 respectively. Additional 2020 information is as follows: Food purchases: Employee meals: Promotional meals: $170,000 $3,000 $2,000 Food sales: $480,000 Compute food inventory turnover for 2020
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
