You just completed the inventory at your cafe, resulting in an ending inventory of $28,090. The...
You just completed the inventory at your cafe, resulting in an ending inventory of $28,090. The beginning inventory was $25,000. If the food used during the period totaled $92,910, how much food did you purchase?
Homework Answers
Food used during the period = $92,910
Ending inventory = 28,090
Beginning inventory = $25,000
Food used during the period = Beginning inventory+ purchases - Ending inventory
92,910 = 25,000+Purchases - 28,090
Purchases = $96,000
Food purchase = $96,000
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