In this final excel assignment you will develop a bar inventory sheet for your restaurant....

90.2K

Verified Solution

Question

Accounting

In this final excel assignment you will develop a bar inventory sheet for your restaurant.
You will enter data and complete formulas for necessary calculations.
Format cells, columns and rows as needed to display information correctly.
When you are complete, upload the final excel workbook to the assignment link.
1. Begin with a Blank Spreadsheet.
2. Create a column for the Name of liquor. Bold the label.
3. Create a column and label it Pack Size. Bold the label.
4. Create a column for the bottle size. Bold the label.
5. Create a column and label it Bottle Cost. Bold the label.
6. Create a column for Last Months Inventory. Bold the label.
7. Create a column for This Months Inventory. Bold the label.
8. Create a column and label it Amount used.
9. Create a column and label it Extended $$ Used.
10. Create a formula to calculate the Ext $$ Used.
11. Create a column and label it Purchases.
12. Create a column labeled cost of purchases.
13. Create a formula to calculate the cost of each liquor purchased.
14. Create a column and label it Ending Inventory. Bold the label.
15. Create a formula to calculate Ending Inventory.
16. Create a column and label it Current Inventory Value.
17. Create a formula to calculate each liquors inventory current value.
18. Create a column and formula to calculate total liquor costs used last month.
19. Create a column and formula to calculate the Total Current Value of all liquor on hand. Bold the result.
20. Taking last months products costs, calculate Liquor Cost Percent. Total liquor sales for this past month are $5517.00.
Data: Type Size Last Month This Month Purchases Price Each
Teachers Bottle 7504317.99
Bells Bottle 7505508.99
Bells Bottle 1.5ltr 33119.99
Glenfiddich Bottle 75021.7024.99
Glenmorangie Bottle 75022027.99
Jack Daniels Bottle 1.5ltr 421224.99
Jim Beam Bottle 75064823.99
Jameson's Irish Bottle 75021.8134.00
Southern Comfort Bottle 1.5ltr 42.5637.99
Gordons' Gin Bottle 7501041218.99
Bombay Sapphire Bottle 75021.5145.00
Smirnoff Red Bottle 75032.4047.00
Absolut Bottle 750831223.50
Captain Morgan Bottle 7501272418.99
Bacardi Silver Bottle 750158.52418.00
Bacardi Gold Bottle 1.5Ltr 21.3038.00
Martell Bottle 75076.5116.00
Remy Martin Bottle 75022027.50
Baileys Bottle 1.5Ltr 53.2234.5
Cointreau Bottle 75021.9047.00
Drambuie Bottle 75043.9049.00
Malibu Bottle 75054.5139.00
Archers Bottle 75065119.00
Tequila Bottle 7501832417.00
Sambuca Bottle 75043.5128.00
Tia Maria Bottle 75022037.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students