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1. The following figures for November have been taken from the financial records of three units in the Pasta Pit chain. Determine total food issues
1. The following figures for November have been taken from the financial records of three units in the Pasta Pit chain. Determine total food issues for each. a. Opening inventory $ 1,500.00 Purchases 4,600.00 Closing inventory 1,722.00 b. Closing inventory $12,083.00 Opening inventory 10,371.00 Purchases 28,468.00 c. Purchases $65,851.08 Closing inventory 18,335.10 Opening inventory 19,874.77 Answer: 2. If food cost percent is 32.8%, then cost per dollar sale equals: a. $.0328 b. $.328 c. $3.28 wer
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