HOSPT 120 : Hospitality Cst Ctrl - Douglass C. - SPRING 20... ASSIGNMENT GUIDELINES Assume you have gathered the following information from your operation for the month of April. Food Sales $125,000 Beverage Sales = $32,000 Food Cost $28,000 Beverage Cost = $5,500 Beginning Cooking Oil Inventory = 3 jugs @ $12 each Cooking Oil Purchased = 6 jugs @ $14 each Ending Cooking Oil Inventory = 4 jugs Calculate the following: Food Cost Percentage & Beverage Cost Percentage Total Cost of Sales (as a percentage) Gross Profit for Food & Beverage (as a dollar amount and as a percentage) Total Gross Profit (as a dollar amount and as a percentage) Cooking Oil Inventory Value using FiFo, LiFo, and Weighted Average Methods Answer the follow-up questions. Be sure to include the following in your submission: