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Use the following information to answer the next 3 questions. Food revenues $137,500 Closing inventory $10,560 Opening inventory $13,980 Purchases $52,900 Transfers to other

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Use the following information to answer the next 3 questions. Food revenues $137,500 Closing inventory $10,560 Opening inventory $13,980 Purchases $52,900 Transfers to other units $480 Cooking liquor $260 Employee meals 400 Employee meal unit cost $2.75 Question 20 4 pts Calculate the cost of food sold. (Use the following format: $0,000)

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