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My text book is  Hospitality Industry Financial Accounting (4th edition). I am in chapter 10 -- INVENTORY now.  Problem 5 asks me to Calculate the cost of food used and the cost of food sold for the Fairbanks Hotel for the month of June. The scenario is the following: The following data is for the month of June 20x3 for the Fairbanks Hotel. Beginning Inventory                                                    $28,300 Purchases                                                                    $16,200  Ending Inventory                                                         $29,500 Employee Meals-Rooms Department                        $300 Employee Meals - Food & Beverage Department     $500

My text book is  Hospitality Industry Financial Accounting (4th edition). I am in chapter 10 -- INVENTORY now.  Problem 5 asks me to Calculate the cost of food used and the cost of food sold for the Fairbanks Hotel for the month of June. The scenario is the following: The following data is for the month of June 20x3 for the Fairbanks Hotel. Beginning Inventory                                                    $28,300 Purchases                                                                    $16,200  Ending Inventory                                                         $29,500 Employee Meals-Rooms Department                        $300 Employee Meals - Food & Beverage Department     $500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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My text book is  Hospitality Industry Financial Accounting (4th edition). I am in chapter 10 -- INVENTORY now. 

Problem 5 asks me to Calculate the cost of food used and the cost of food sold for the Fairbanks Hotel for the month of June.

The scenario is the following:

The following data is for the month of June 20x3 for the Fairbanks Hotel.

Beginning Inventory                                                    $28,300

Purchases                                                                    $16,200 

Ending Inventory                                                         $29,500

Employee Meals-Rooms Department                        $300

Employee Meals - Food & Beverage Department     $500 

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