Which of the following statements is false? Select one: a. Stores purchases are added to inventory and are charged to cost when issued. b. Direct purchases are charged immediately to cost of food. c....

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Extracted text: Which of the following statements is false? Select one: a. Stores purchases are added to inventory and are charged to cost when issued. b. Direct purchases are charged immediately to cost of food. c. Daily food cost report shows food cost, food sales, and food cost percent for any one specific day. d. Stores become inventory in storage and charged to the food cost when received.