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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
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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