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A restaurant at which the periodic inventory system is used had the following Food sales: $467,320 Last months ending inventory: $27,000 Purchases this month: $186,662
A restaurant at which the periodic inventory system is used had the following
Food sales: $467,320 Last months ending inventory: $27,000 Purchases this month: $186,662 Ending inventory this month: $50,000 Employee meals: $100 Number of customers: 11,000 Seats occupied: 11,000 Seats not occupied: 600
a. what is the cost of food sales from this information?
b. what is the food cost %?
c. what is the average check?
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