a) The following figures for Feb have been taken from the financial records of Susans Restaurant. Determine issues given the following:

Opening stock $8,000.00

Purchases $15,000.00

Closing stock $12,000.00

b) The following information taken from Restaurant records provides a partial result for a butcher test on 10 legs of veal. US Choice purchased over the last several weeks from Butcher Town Meats Inc. The price for the 10 leg veal was $814.28 it weighed a total of 247 pounds and 8 ounces:

Calculate loss in cutting given the following breakdown:

1. Fat 4lbs 8oz
2. Bones 56lbs 8oz
3. Shanks 19lbs 12oz
4. Veal cutlets: 127lbs 4oz