question archive 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

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

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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. (There are no steward or grease sales.) What is the cost of food sold for this restaurant?

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