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Gene Washburn owns the GW Caf and needs assistance in determine both cost of food used and cost of food sold for June 20X6. He

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Gene Washburn owns the GW Caf and needs assistance in determine both cost of food used and cost of food sold for June 20X6. He provides information as follows: Beginning food inventory Food purchases Cost of employee meals Cost of promotional meals Transfers from the beverage department Transfers to the beverage department Physical food inventory, end of June 20X6 $10,500 24,000 500 300 100 150 8,400 Required 1. Determine the cost of food used and cost of food sold (Giving the process similar with in-class # problem 1)

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