The Sandy Diner’s cost of sales percentages averages 33 percent for any month.  Following are transactions for the month of June:

 

• Transfers from bar 440
• Transfers to bar 95
• Officer’s checks 400 at menu price
• Employee meals 200 at standard cost
• Storeroom issues 50,000

 

Compute the cost of food sold for the month of June if the perpetual inventory system is used in the storeroom. (10)