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Name Show all work in detail 1. DATA: Liquor Inventory 10/31 - $45,365 Liquor Inventory 11/30 - $49,562 Purchases for November - $91,134 a. Determine

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Name Show all work in detail 1. DATA: Liquor Inventory 10/31 - $45,365 Liquor Inventory 11/30 - $49,562 Purchases for November - $91,134 a. Determine the cost of Beverages Consumed. b. Determine the Inventory Turnover Rate with the above information. c. Is the Inventory Turnover Rate acceptable? WHY? 2. Using the Beverages Consumed from the previous problem, determine the Beverage Cost Percentage for each of the following sales figures. a. Sales = $354,845 b. Sales = $260,290 c. Sales = $199,397

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