Paulos beginning inventory for May was $14,750, his ending inventory was $12,000 and his purchases...
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Accounting
Paulos beginning inventory for May was $14,750, his ending inventory was $12,000 and his purchases for May were $42,500. In addition, employee meals were $1,000 and $600 in cooking wine lemons were transferred from the bar to the kitchen. Total food sales were $142,400 with total sales of $168,300. What was Paulos food cost % for the month?
A: 26.7%.
B: 30.7%
C:31.5%
D:36.5%
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