3. Gene Monteagudo operates The H-Town Eatery and Wine Bar. Gene took beginning and end of accounting period inventories in his operation and determined the following: Beginning Inventory $11,300 $5,750 Ending Inventory $8,700 $6,250 Product Inventoried Food Beverage Product Usage Cost of Food Used Cost of Beverage Used $122,000 $28,000 Help Gene better understand his operation's performance in the accounting period by completing the following worksheet he has developed, and then answer the questions that follow. AVERAGE INVENTORY Food Beverage INVENTORY TURNOVER Food Beverage a. What was the average food inventory for Gene's operation? b. What was the average beverage inventory for Gene's operation? c. How many times did Gene turn his food inventory in the accounting period? d. How many times did Gene turn his beverage inventory in the accounting period? e. What would likely be the cause of the difference between Gene's food and beverage inventory turnovers