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For a restaurant, Where do i put the amount of food supplies bought?

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Best answer by AlanT222

Those items would be considered cost of goods sold. Cost of goods sold refers to the cost of all the ingredients used in a given time period.

Beginning Inventory + Purchased Inventory – Ending Inventory = Cost of Goods Sold (COGS).

Those items would be considered cost of goods sold. Cost of goods sold refers to the cost of all the ingredients used in a given time period.

Beginning Inventory + Purchased Inventory – Ending Inventory = Cost of Goods Sold (COGS).

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