1. Use the following information to determine food cost, food sales, and food cost percent today and to date, as well as book inventory balances for TK's Restaurant for the period October 1 - 5. The opening inventory balance for October 1 is $8,525. (6.5 pts - 0.1 per cell) For your reference, Directs and Stores for October 1st were given. 10/1: Purchases - directs: $525 & stores: $556; Issues - $482; Sales - $2,352; + 10/2: Purchases - J$325 & stores: $253; Issues - $521; Sales - $2,070; transfer to the kitchen from the bar: $113; promotion meals: $120 10/3: Purchases - directs: $283 & stores: $1,687; Issues - $650; Sales - $2,850; cooking liquor from the bar: $45; food to bar from the kitchen: $33. 10/4: Purchases - directs: $487&stores: $421; Issues - $821; Sales - $3,985; transfer to the kitchen from the bar: $92; grease sales: $250 10/5: Purchases - directs: $354 & stores: $250; Issues - $1,150; Sales - $4,782; cooking liquor from the bar: $28; food to bar from kitchen: $37 Inventory Balance Adjustments Total Cost Total Sales Food Cost% Added Subtract To to Cost from Cost Today To Date Today To Date Today Date Date Directs Stores Purchases Issues Balance 9/30 e e e 10/01 $525 $482 [ 10/02 e 2 le 10/03 10/04 ] e e 1 10/05 e e 1. Use the following information to determine food cost, food sales, and food cost percent today and to date, as well as book inventory balances for TK's Restaurant for the period October 1 - 5. The opening inventory balance for October 1 is $8,525. (6.5 pts - 0.1 per cell) For your reference, Directs and Stores for October 1st were given. 10/1: Purchases - directs: $525 & stores: $556; Issues - $482; Sales - $2,352; + 10/2: Purchases - J$325 & stores: $253; Issues - $521; Sales - $2,070; transfer to the kitchen from the bar: $113; promotion meals: $120 10/3: Purchases - directs: $283 & stores: $1,687; Issues - $650; Sales - $2,850; cooking liquor from the bar: $45; food to bar from the kitchen: $33. 10/4: Purchases - directs: $487&stores: $421; Issues - $821; Sales - $3,985; transfer to the kitchen from the bar: $92; grease sales: $250 10/5: Purchases - directs: $354 & stores: $250; Issues - $1,150; Sales - $4,782; cooking liquor from the bar: $28; food to bar from kitchen: $37 Inventory Balance Adjustments Total Cost Total Sales Food Cost% Added Subtract To to Cost from Cost Today To Date Today To Date Today Date Date Directs Stores Purchases Issues Balance 9/30 e e e 10/01 $525 $482 [ 10/02 e 2 le 10/03 10/04 ] e e 1 10/05 e e
