Question
Use the following information to answer questions 11-14. Number Item Selling Item Sold Cost Price Prime Rib 1,300 $3.96 $11.50 Chicken 1,775 $2.75 $9.95 Steak
Use the following information to answer questions 11-14.
Number Item Selling
Item Sold Cost Price
Prime Rib 1,300 $3.96 $11.50
Chicken 1,775 $2.75 $9.95
Steak 500 $3.63 $10.95
Ribs 800 $2.32 $11.95
Opening Inventory $ 8,785
Purchases $13,128
Transfers to bar $ 998
Ending Inventory $ 8,933
The Standard Food Cost Percentage is:
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Auditing
Authors: Timothy J. Ph.D. Robertson, Jack C.; Louwers
9th Edition
0072906952, 9780072906950
