A restaurant records the following data over a month for its food: Opening inventory: $31,000 Purchases: $88,000
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Question:
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
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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