A restaurant at which the periodic inventory system is used had the following Food sales: $467,320 Last
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Question:
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?
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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