Homework Answers
a. Food issue = Opening inventory + purchase - Closing inventory
=1500.00+4600.00-1722.00
=$4378.00
b. Food issue = Opening inventory + purchase - Closing inventory
=10371.00+28468.00-12083.00
=$26756.00
c. Food issue = Opening inventory + purchase - Closing inventory
=19874.77+65851.08-18335.10
=$67390.75
2. Cost per dollar sale will be
b. $0.328 (32.8/100)
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