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You are provided with the following information from Paris Restaurant: Beginning inventory $45,000 Purchases $35,000 Ending inventory $50,000 Employee meals $750 Transfer to Food &
You are provided with the following information from Paris Restaurant:
Beginning inventory | $45,000 |
Purchases | $35,000 |
Ending inventory | $50,000 |
Employee meals | $750 |
Transfer to Food & Beverage Department | $1,500 |
Based on this table, you calculate that the cost of goods sold is equal to:
$27,750 |
$29,250 |
$30,000 |
None of these |
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