8. Based on the information below for the month of July, determine the following: Inventory on...

   

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8. Based on the information below for the month of July, determine the following: Inventory on July 1 Purchases - Sysco $4,815 $3,755 Inventory on August 1 $1,680 Donated foods $450 Purchases - Barber's $2,810 $3,960 Complimentary meals $275 Free employee meals $1,550 Purchases- Sysco a. b. C. d. What is the ending inventory for July? Calculate the Cost of Food Sold for July? Calculate the Cost of Food Used for July? What is the Food Cost Percentage for July if the total sales for the month was $38,500? e. If the FC% department goal is to have a 32.5% FC %, was the goal met in July? f. If goal is or is not met, calculate by how much ($) and by what Percentage (%) was it below or above the FC goal? g. Based on your answer in "f", explain if this is desirable or not desirable, why? Which purchasing goal does it impact? 9. What is the selling price if the Food Cost percentage is 27%, and the raw food cost is $2.25? 8. Based on the information below for the month of July, determine the following: Inventory on July 1 Purchases - Sysco $4,815 $3,755 Inventory on August 1 $1,680 Donated foods $450 Purchases - Barber's $2,810 $3,960 Complimentary meals $275 Free employee meals $1,550 Purchases- Sysco a. b. C. d. What is the ending inventory for July? Calculate the Cost of Food Sold for July? Calculate the Cost of Food Used for July? What is the Food Cost Percentage for July if the total sales for the month was $38,500? e. If the FC% department goal is to have a 32.5% FC %, was the goal met in July? f. If goal is or is not met, calculate by how much ($) and by what Percentage (%) was it below or above the FC goal? g. Based on your answer in "f", explain if this is desirable or not desirable, why? Which purchasing goal does it impact? 9. What is the selling price if the Food Cost percentage is 27%, and the raw food cost is $2.25?

Answer rating: 100% (QA)

a Ending Inventory for July Ending Inventory Inventory on July 1 Purchases Sysco Purchases Barbers C... View the full answer