Cost Control

COST OF FOOD SOLD A restaurant has the following data. What is the preliminary cost of food sold for this restaurant? And what is the true/actual cost of food sold? 1. Preliminary cost of food sold $ 2. True cost of food sold $ . food purchases = $90,500 opening inventory = $66,000 closing inventory = $43,000 transfers in = $1,150 transfers out = $650 employee meals = $2,720 promotions and write-offs -$290 steward sales $ 75.00 grease sales = $25 . Show your work below