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1- Based on the attached document, calculate a- the cost of food issued b- the average inventory 2- Cooking Liquor= 1000$; Transfers from other units:
1- Based on the attached document, calculate
a- the cost of food issued
b- the average inventory
2- Cooking Liquor= 1000$; Transfers from other units: 2000$; Food to bar= 250$; Transfers to other units=300$; Grease Sales= 200$; Steward Sales=200$; Gratis to bars= 100$; Promotion expense= 200%bodylt;/p>
Based on the above-given information and on the calculated cost of food issued, calculate
a- the cost of food sold/food consumed
b- the food cost percentage
c- the inventory turnover.
\begin{tabular}{lr} Opening inventory & $15,000 \\ Food purchases & 44,000 \\ Closing inventory & 20,000 \\ Food sales & 115,000 \end{tabular}
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