Compute the cost of food sold for the month of July if the periodic inventory system is used in the storeroom.

Frivier A restaurant has a food cost average of 30 percent. The inventory on June 30 is $10,000 and the inventory on July 31 is $10,888. The following are transactions for the month of July: Purchases $30,000 Officers' checks 800 at menu price Employee meals 150 at standard cost Transfer to bar Transfer from bar