Dear Teacher,

please help me answer these question in the easiest way possible please.And please give me in a clear version each formula of each calculation.please

subject-(cost control)

Question 1- Beer is purchased in crate of 24 bottles at POOL BARyou are are requested to calculate -

The value of the closing stock of beer as on 28th May 2020,assuming that issues from the store are done under FIFO inventory system.

The transaction which occurred were as follows:

Purchase date	Quantity	Purchase cost	Issue date	quantity	Sales value
01/05	360	16200	03/05	250	37500
02/05	120	5400	08/05	100	15000
12/05	120	5400	15/05	220	33000
15/05	360	17280	16/05	150	22500
25/05	180	9000	17/05	120	21000
			28/05	240	42000

Other expenses which occurred amounted to Rs 7500.00

LEAVE ALL THE TRANSAXTION IN THE INVENTORY SHEET

PERCEPTUAL INVENTORY CARD

STOCK ITEM:

INVENTORY SYSTEM:

DATE:

Receipts Issues Balance

DATE	QTY	PRICE	VALUE	QTY	PRICE	VALUE	QTY	PRICE	VALUE

CLOSING STOCK:

VALUE OF CLOSING STOCK:

2.Calculate the net profit obtained after all expenses have been met.

3.The value of the closing stock of raw materials as on 28th July 2020 was estimated to be Rs 225,500.In order to cater to the needs of the restaurant,daily direct purchases are done for all perishables,which amounted to Rs 865,000 value for store issues were Rs 270,500.The value of the closing stock for the month of June was Rs 145,950.

Sales promotion that occurred during the month,for twitch no cash sales were generated,amounted to Rs 115,500.Various preparations make use of alcohol and transfers from bar to kitchen were as follows:

LIQUOR	QTY PER BOTTLE IN CL	PRICE PER BOTTLE	USAGE IN CL
ORANGE LIQUOR	70	RS 2250	12

The staff meals for the production department for the month were as follows:

300 Lunches at Rs 70 EACH

280 Dinners at Rs 70 EACH,The total revenue generated by the outlet was 2,298,500,calculate food cost.

4.Calculate the food cost percentage