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Smitty's Smiling Cocktail Stand has the following data on their inventory: Scotch: Opening inventory Bottles 36 15 18 Purchased Closing inventory Vodka: Bottles Opening inventory
Smitty's Smiling Cocktail Stand has the following data on their inventory: Scotch: Opening inventory Bottles 36 15 18 Purchased Closing inventory Vodka: Bottles Opening inventory 24 Purchased 12 Closing inventory 11 Rye Whisky: Bottles Opening inventory 27 Purchased 8 Closing inventory 18 Bourbon: Bottles Opening inventory 44 Purchased 16 Closing inventory 21 Gin: Bottles Opening inventory 11 Purchased 6 Closing inventory 7 Each bottle contains 750 ml and each drink of 30 ml is sold for $5 Calculate the total gross revenue from the sale of alcohol If each bottle cost $42.00, what is the total cost of the beverages sold? What is the material cost percentage
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