1. Inventory 2/28/18 $5,000 $12,000 March purchases March revenues $23,438 Inventory 3/31/18 $3,000 a) From the information above, calculate March food cost (2 points). b) Using the same information above, calculate the food cost percentage in March (3 points) 2. The following are inventory figures for the White Pearl restaurant: Physical inventory, March 1 $2,900 Physical inventory, March 31 $3,000 Total invoices dated March 1-31 $16,000 a) What was the monthly cost of food sold in dollars for this operation (2 points)? b) What was the inventory turnover rate for March (3 points)? Please write your answers with calculating steps below