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a. Rudolfo owns Rudolfo's Italian Restaurante in the Little Italy section of New York City. He wants to compare last year's costs to this year's

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a. Rudolfo owns Rudolfo's Italian Restaurante in the Little Italy section of New York City. He wants to compare last year's costs to this year's costs on his food expense schedule to see how he performed in each food category. Help Rudolfo complete his schedule. B D E 1 In addition to calculating the food cost percentage for each of his food categories, Rudolfo wishes to F calculate his inventory turnover for the year. Help Rudolfo complete his inventory turnover table below 2 3 24 25 Rudolfo's Food Inventory Turnover This Year Cost of This Year Beginning Ending Average Food Inventory 26 Inventory Category Inventory Inventory Inventory Value Consumed Turnover 27 Meats and Seafood $21,476 $17,489 $445,982 28 Fruits and Vegetables $1,708 $1,015 $165,178 29 Dairy $772 $372 $52,858 30 Baked Goods S160 $131 S29, 731 31 Other $10,538 $11,035 $303,927 32 Total $34,654 $30,042 $997,676 33 34 Assume cost of food sold, parta, and cost of food consumed, part b., are the same for Rudolfo's. Rudolfo's inventory turnover target for 35 this year was 32 times Did he meet his target2 If not, what may have caused this? 36 37

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