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(CEC) Certified Executive Chef FREE CEC Kitchen Operations Management Questions and Answers

An Executive Chef is analyzing the monthly Profit and Loss (P&L) statement.
The data is as follows: Total Revenue: $150,000; Beginning Inventory: $20,000; Purchases: $30,000; Ending Inventory: $15,000.

What is the Cost of Goods Sold (COGS) for the month?

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