Question: Exercise 8.2 Using the inventory value you calculated in Exercise 8.1 as a closing inventory. obtain a cost of food sold using the following information:

 Exercise 8.2 Using the inventory value you calculated in Exercise 8.1as a closing inventory. obtain a cost of food sold using the

Exercise 8.2 Using the inventory value you calculated in Exercise 8.1 as a closing inventory. obtain a cost of food sold using the following information: Opening inventory. $5,320.00 Purchases, $24,560.00 Cooking liquor, $183.00 Food to bar, $75.60 Steward sales, $365.50 Promotion expense, $87.30 Cost of employees' meals, $1.365.00 Exercise 8.3 Given the cost of food sold calculated in Exercise 8.2, calculate the food cost percent for Barnaby's Hideaway, assuming food sales are \$66,419.15. Exercise 8.4 Calculate inventory turnover for Barnaby's Hideaway using figures you calculated in Exercise 8.2. \begin{tabular}{|c|c|c|c|c|c|c|} \hline Month & \multicolumn{3}{|c|}{ September } & \multicolumn{3}{|c|}{ October } \\ \hline Particulars & \multicolumn{6}{|c|}{ QuantityPrice (\$)Amountn(\$)QuantityPrice (\$)Amountn(\$) } \\ \hline Bought forward & \multicolumn{5}{|c|}{4365.20} & 4590.80 \\ \hline Tomato Paste \#2 1/2 & 20 & 1.85 & 37.00 & 15 & 1.85 & 27.75 \\ \hline Tomato Paste \#10 & 8 & 4.50 & 36.00 & 10 & 4.50 & 45.00 \\ \hline Tomato Puree \#10 & 10 & 5.20 & 52.00 & 12 & 5.20 & 62.40 \\ \hline Tomatoes chopped \# 21/2 & 22 & 1.30 & 28.60 & 20 & 1.30 & 26.00 \\ \hline Tomato Sauce \#10 & 12 & 3.70 & 44.40 & 5 & 3.70 & 18.50 \\ \hline \multicolumn{7}{|l|}{ Tomatoes, Whold, Peeled } \\ \hline#10 & 8 & 3.45 & 27.60 & 5 & 3.45 & 17.25 \\ \hline Total & 80 & & 4590.80 & 67 & & 4787.70 \\ \hline \end{tabular}

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