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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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