Question: Write True or False A. Physical inventory is the actual number of units of goods in storage. B. The cost of food issued figure must

Write True or False

A. Physical inventory is the actual number of units of goods in storage.

B. The cost of food issued figure must be adjusted monthly to eliminate the cost of waste and pilferage.

C. Closing inventory for a given period is equal to opening inventory for the preceding period.

D. Steward Sales are normally subtracted from Cost of Food Issued to determine Cost of Food Consumed.

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