Beginning Inventory (Beverage) What is the net cost of sales for food and beverage? Indicate dollar and percentage costs. Problem the following data to answer the question below and Ar the Marina Bay Grill for July. Ending Inventory (Beverage) Ending Inventory (Food) Food Purchases Beverage Purchases Beginning Inventory (Food) WA $23.70 SS $34,700 $72.00 $19,700 Transfers to Bar Beverage Theft/Pilferage Food Over-Portioning Expense Transfers from Bar Complimentary Food Complimentary Beverages Employee Meal Cost Food Revenues Beverage Revenues $3970 $510 5615 $4,100 $2,160 $890 $11,225 $878,000 $116,500 Problem 2 a What are the unadjusted food and beverage costs for the Hillside Resort, giver following information for April. Express your answer in dollars and percent Food Beverage Beginning Inventory $110,000 $38,500 Ending Inventory $98,470 $41,000 Purchases $488,000 $161,000 $1,268,000 $742,000 Revenues Using the works three days given Date b. The following additional information about April's food and bevec available. Use this data to calculate netcosts of sales for food and beverago c By what amounts are the food and beverage costs over- or understated, The Pleasant Meadows Restaurant uses frozen ground beef packed in 10-pound polybag many of its soup and casserole items. The purchase cost of all bags received in January $30. Use the following information to calculate the value of ground beef inventory the 26 Calculating Actual Food and Beverage Costs your answer in dollars and percent. Transfers to Bar $5,170 Transfers from Bar $6,850 Employee Meals $7,640 Complimentary Meals $2,290 Complimentary Beverages $840 comparisons between the unadjusted and net costs? Problem 3 of January: SSS Issu Date 8/1 82 B/S TH $37 $50 The desire calculatios 17 bags 28 bags $30.00 Complete January 1 January 31 Inventory Count Ending Inventory $28.00 There were 37 bags purchased (delivered) during January a. Calculate the value of ground beef inventory using the FIFO method. b. Calculate the value of ground beef inventory using the LIFO method. c. Calculate the value of ground beef inventory using the actual cost method. (A proper inventory rotation system was in use.) d. Calculate the value of ground beef using the weighted average method. Date (0) 711 712 7/3 714 Problem 4 mplete the following daily food cost worksheet. te Issues Directs Total Cost $350.00 $210.00 $870.00 $320.00 $805.00 $290.00 Daily Food Cost Food Revenue Food Couls Add Less Adjust Adjust Today To Date Today To Date Today To Do $110.00 $120.00 $2400.00 $85.00 $55.00 $2900.00 $70.00 $50.00 $3100.00