Question: A hotel caf has the following data in a given month: opening inventory = $12,700; closing inventory = $11,800; food purchases = $25,400; transfers in

A hotel caf has the following data in a given month: opening inventory = $12,700; closing inventory = $11,800; food purchases = $25,400; transfers in = $1,100; transfers out = $600; employee meals = $1,500; promotions = $300; there are no steward or grease sales. What is the cost of food sold for this month in this restaurant?

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