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5. Determine Cost of Food Issued, Cost of Food Consumed and Cost of Food Sold from the following data: (Note: Slide #29 Determining Cost of

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5. Determine Cost of Food Issued, Cost of Food Consumed and Cost of Food Sold from the following data: (Note: Slide #29 Determining Cost of Food Sold from Chapter 8 will help you.) Opening Inventory $7414.80 Food Purchases 17,642.80 Beverage to food transfer 443.00 Food to beverage transfer 226.00 Employee meals 837.00 Analyze the following table: what can you say about the results for this month Food Cost Report Food Sales Food Cost Percentage Date Food Costs This month $8000 $32 000 25.0% 28.3% Previous month $8500 $30 000 30.6% Same month last year $9500 $31 000

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