1. Daily food cost is determined by adding the daily cost of direct purchases to the daily cos issues, then taking in account adjustments if any. 2. The daily cost of inventory issues is taken from the stores column on the Receiving Clerk 1. Transfers from kitchen to bar would increase daily food cost. 4 Transfers from bar to kitchen would increase daily food cost. True 5. A book inventory is based on an end-of-month count of goods. 6. Opening inventory for September is equal to closing inventory for October. Frue False 7. The daily cost of direct purchases is taken from the directs column on the Receiving Cle- False 8. Errors in extending requisitions will lead to differences between actual and book invente Iruc 9. Daily food cost percents are accurate, but not timely. 10. At the end of a given accounting period, book inventory value and actual inventory va identical True False