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The following data is for the month of June 2020 for the Fairbanks Hotel: ...

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Question

Accounting

The following data is for the month of June 2020 for the Fairbanks Hotel:

Beginning Inventory $ 28,300

Purchases 16,200

Ending Inventory 29,500

Employee Meals Rooms Department 300

Employee Meals Food & Beverage Department 500

REQUIRED

Calculate the cost of food used and the cost of food sold for the Fairbanks Hotel for the month of June.

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