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You have a starting inventory of $300, ending inventory of $600, purchases of $1200 and employee meals of $100. What is your cost of food sold? Group of answer choices a.1000 b.900 c.800 d. Not enough info

You have a starting inventory of $300, ending inventory of $600, purchases of $1200 and employee meals of $100. What is your cost of food sold? Group of answer choices a.1000 b.900 c.800 d. Not enough info

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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You have a starting inventory of $300, ending inventory of $600, purchases of $1200 and employee meals of $100. What is your cost of food sold? Group of answer choices a.1000 b.900 c.800 d. Not enough info
Transcribed Image Text:You have a starting inventory of $300, ending inventory of $600, purchases of $1200 and employee meals of $100. What is your cost of food sold? Group of answer choices a.1000 b.900 c.800 d. Not enough info
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