In January, the value of beverages issued to the bar was $3,929.61, the closing inventory was $12,545.89,

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In January, the value of beverages issued to the bar was $3,929.61, the closing inventory was $12,545.89, and the inventory differential is $632.51. What is the cost of beverages consumed for that period?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Aug 05, 2023 05:10 AM

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In January, the value of beverages issued to the bar was $3,929.61, the closing inventory was $12,545.89,

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To calculate the cost of beverages consumed for that period you can use the formula Cost of b... View the full answer

Fundamentals of Financial Accounting

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