I need to help to complete this excel spread sheet, and I need formula as well. Here is the info needed to complete.

Dear Mr. Vice President of Operations,

I need your help determining the cost of food sold for the three (3) Too Jays in the Orlando area during the first quarter. Total sales for the 3 restaurants (Dr. Philips, Colonial Market Plaza, Waterford Lakes) were $4,010,672 for the first quarter. I was able to gather the combined inventory and purchases figures for the 3 units in Tampa.

We also know the following:

The restaurants in Orlando transferred 22,000 Lb. of Challah Bread to the Tampa Region. Each Lb. of Challah has a cost of $2.50

A total of 33,000 employee meals were served. Seventy Five percent of the employee meals are for lunch at a cost of $4.50 per meal. The other meals are for dinner at $4.75 a meal.

The marketing department ran a free food promotion for happy hours and the total cost of the promotion was 3% of combined sales of the 3 restaurants for the quarter.

The Orlando area restaurants are pilot testing a new recycling program. All the used oil is sold for diesel at $0.99 a Gallon. The restaurants recycled a total of 429 Gal. in the quarter.

During the quarter the employees took advantage of a special offered by the company and purchased a total of 500Lb. of Mini Black & Whites Cookies, this are considered a legendary shortbread cookies smothered in chocolate and vanilla icing. Each pound of Cookie typically sold for $4.00 a Lb., however employees only paid for the actual cost of the cookies, the FC% for 1 lb. of cookies is 25%

Please tell me the actual Cost of Food Issued, Cost of Food Consumed, and Cost of Food Sold in dollars ($$) and as a percentage (%) for the Orlando Region during the quarter?

Thanks and looking forward to hear from you.....

Mitch

HFT_4457_Exam AutoSave OFF na @vo Draw Review Home insert Formulas Data Page Layout View Tell me = X Calibri (Body) 11 ' General ab Wrap Text Paste BIU av Av Merge & Center $ % Clipboard Font Alignment Nu A4 fx Dairy A B D E F G H 1 J Purchases 1 2 Produce 3 Meats 4 Dairy 5 Canned Food 6 Bakery Items 7 Beginning Inventory $319,125 $655,604 $163,588 $111,677 $73,614 $344,655 $ 708,009 $176,813 $120,647 $61,884 Ending Inventory $271,256 $557,210 $139,150 $94,858 $52,877 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 Exam2 Q2 +