A restaurant records the following data over a month for its food: Opening inventory: $31,000 Purchases: $88,000

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A restaurant records the following data over a month for its food:

Opening inventory: $31,000

Purchases: $88,000

Closing Inventory: $28,000

Transfers in: $800

Transfers out: $200

Employee meals: $1,500

Promotions: $400

What is the cost of food sold for this restaurant?

Related Book For answer-question

Cost Management Accounting and Control

ISBN: 978-0324559675

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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Posted Date: Jan 30, 2024 06:08 AM

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A restaurant records the following data over a month for its food: Opening inventory: $31,000 Purchases: $88,000

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Cost Management Accounting and Control

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