EX 8-3: The Gibson Hotel is a 250-room facility with several profit centers. The hotel is open throughout the year, and generally, about 2 percent of the rooms are being repaired or renovated at all times; therefore, assume that they are unavailable for sale. During 20X1, the hotel sold 77,800 rooms and experienced an average occupancy per room of 1.32 people. The accounting department has supplied you with the following information concerning the food department: Ending inventory $35,000 Consumption by employees (free of charge) $5,000 Cost of sales $312,000 Food cost percentage 40% Food inventory turnover 10 times

Required: Determine the following: 1. Occupancy rate for 20X1

2. Number of paid guests for 20X1

3. Beginning inventory of food

4. Food sales