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What is the actual cost of sales

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A restaurant had monthly purchases of $30,000 in March. The operation had an opening inventory of $5,200 and closing inventory of $9,400. It also offered employee meals valued at $1,200 and generated $2,800 from grease sales.

a. What is the actual cost of sales?

b. If the restaurant had $80,000 in sales, what is the food cost percentage?

Reference no: EM132306961

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