1.Jim Heeb operates a magical restaurant called Shazam! In it, he features both excellent food and magic shows. The lounge is popular since that is where the magic is viewed. Help Jim first calculate his transfers to and from the bar and then help him compute his cost of beverage sold percentage using the follow- ing data for the month of January:

Beverage Sales

$52,214

Beginning inventory

15,000

Purchases

11,000

Ending inventory

13,500

Answer rating: 100% (QA)

To calculate the transfers to and from the bar we need to determine the net beverage inventory chang... View the full answer