Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please do it urgently...time is very short... I'll give you up thumb definitely The restaurant in the income statement above had the following figures on
please do it urgently...time is very short... I'll give you up thumb definitely
The restaurant in the income statement above had the following figures on the table in the last accounting month when the cost of goods for food and drink had to be calculated: Opening inventory e.g. VAT. (item count on 31 October): Food(included coffee and tea) 643420 ,- Beer 38250 ,- Wine 425.000,- Hard liquid 71.950,- Soda. 23.460,- Purchase of goods e.g. VAT. (1 November 30 November) Food(included coffee and tea) 665000 Beer 65200 Wine 136500 Hard liquid 26360 Soda. 36300 Outgoing inventory e.g. VAT. (item count 30 November) Food(included coffee and tea) 576400 Beer 36340 Wine 468000 Hard liquid 69350 Soda. 26210 Merchandise sales e.g. VAT. per product group (November 1 - 30) Food(included coffee and tea) 1612 406,- Beer 173643 Wine 347287 Hard liquid 130232 Soda. 217125 a) Create and calculate product consumption per product group. b) Calculate the cost of goods (in NOK and % of goods sold) per product group. c) What will be the cost of goods (krona and \%) for food and drink respectively? d) Explain the difference between goods purchases and goods consumption based on the tables above and the calculations you have just made. Why is it important to be aware of differentStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started