A restaurant at which the periodic inventory system is used had the following

Food sales:                                         $467,320
Last month’s ending inventory:         $27,000
Purchases this month:                         $186,662
Ending inventory this month:             $50,000
Employee meals:                                $100
Number of customers:                        11,000
Seats occupied:                                   11,000
Seats not occupied:                             600

a. what is the cost of food sales from this information?

b. what is the food cost %?

c. what is the average check?

Answer rating: 100% (QA)

To calculate the cost of food sales food cost percentage and average check we ... View the full answer