This week's assignment you need to use the information that is contained below to complete the cost of food sold, cost of beverage sold,
This week's assignment you need to use the information that is contained below to complete the cost of food sold, cost of beverage sold, and cost of food sold by category. This assignment must be completed and uploaded before 11:59 PM on Sunday of week eight. Unit Name: Collin College Restaurant Accounting Period: January 1", 2020-January 31", 2020 Inventory Category Beginning Inventory Purchases Ending Employee Inventory Meals Transfers Meat $3,582.00 $12,478.00 $2,747.00 $156.00 $0.00 Seafood $1,367.00 $7,476.00 $1,164.00 $0.00 $0.00 Dairy $21.00 $245.00 $57.00 $0.00 $8.96 Produce $456.00 $1,787.00 $398.00 $72.00 $75.95 Groceries $1,496.00 $5,369.00 $2,145.00 $26.00 $102.36 Liquor $1,856.00 $2,845.00 $1,439.00 $0.00 $32.99 Beer $1,893.00 $3,625.00 $1,374.00 $0.00 $16.99 Wine $1,945.00 $1,847.00 $1,689.00 $0.00 $45.35 Cost of food sold: Transfers Out - Any items from the kitchen (groceries, produce, dairy, seafood, meat) to the bar Transfers In-Any items from the bar (Liquor, beer, wine) to the kitchen. Cost of beverage sold: Transfers In-Any items from the kitchen (groceries, produce, dairy, seafood, meat) to the bar Transfers Out - Any items from the bar (Liquor, beer, wine) to the kitchen. Cost of Food Sold Unit Name: Accounting Period: to Beginning Inventory $ PLUS Purchases Goods Available for Sale LESS Ending Inventory $ LESS Transfers Out $ PLUS Transfers In Cost of Food Consumed LESS Employee Meals Cost of Food Sold $ $ Cost of Beverage Sold Unit Name: Accounting Period: to Beginning Inventory $ PLUS Purchases Goods Available for Sale LESS Ending Inventory $ LESS Transfers Out $ PLUS Transfers In Cost of Beverage Sold $ $ Cost of Food Sold by Food Category Unit Name: Accounting Period: to Meat Seafood Dairy Produce Groceries Total Beginning Inventory Purchases Goods Available for Sale Ending Inventory Cost of Food Consumed Employee Meals Cost of Food Sold
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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