5. Determine Cost of Food Issued, Cost of Food Consumed and cost of Food Sold...

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Accounting

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5. Determine Cost of Food Issued, Cost of Food Consumed and cost of Food Sold from the following data: (Note: Slide #29 Determining Cost of Food Sold from Chapter 8 will help you.) Opening Inventory $7414,80 Food Purchases 17,642 80 Beverage to food transfer 443.00 Food to beverage transfer 226.00 Employee meals 837.00 Analyze the following table what can you say about the remulte for the south? Food Cost Report I Date Food Costs Food Sales Food Cost Percentage This month $8000 532 000 25.0% Previous month 28.3% S8500 $30 000 30.6% 531 000 $9500 Same month last year

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