Question: Exercise 8.2 Using the inventory value you calculated in Exercise 8.1 as a closing inventory, obtain a cost of food sold using the following information:

Exercise 8.2 Using the inventory value you calculated in Exercise 8.1 as a closing inventory, obtain a cost of food sold using the following information:

Opening inventory, $5,320.00 Purchases, $24,560.00 Cooking liquor, $183.00 Food to bar, $75.60 Steward sales, $365.50 Promotion expense, $87.30 Cost of employees ’ meals, $1,365.00

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