Solution-Calculate transfers to and from the bar

Calculate transfers to and from the bar

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problem 1: Jim Heeb operates a magical restaurant called Shazam! In it, he features both excellent food and magic shows. The lounge is popular since that is where the magic is viewed. Help Jim first calculate his transfers to and from the bar and then help him compute his cost of beverage sold percentage using the follow- ing data for the month of January:

Beverage Sales               $52,214
Beginning inventory           15,000
Purchases                          11,000
Ending inventory                   13,500

Reference no: EM132792757

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Calculate transfers to and from the bar

Reference no: EM132792757

Reference no: EM132792757

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