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An Operation's Beginning Inventory for an Accounting Period Equaled $15,000

Question 35

Multiple Choice

An operation's Beginning Inventory for an accounting period equaled $15,000. Ending Inventory for the period equaled $14,000, Purchases equaled $21,500 and Total Cost of Sales was $21,000. What was the amount of this operation's Employee Meals in the period?


A) $1,000
B) $1,500
C) $2,000
D) $2,500

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