The restaurant in the income statement above had the following figures on the table in the...
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The restaurant in the income statement above had the following figures on the table in the last accounting month when the cost of goods for food and drink had to be calculated: Opening inventory e.g. VAT. (item count on 31 October): Food (included coffee and tea) 643 420,- Beer 38 250,- Wine 425.000,- Hard liquid 71.950,- Soda. 23.460,- Purchase of goods e.g. VAT. (1 November - 30 November) Food (included coffee and tea) 665 000 Beer 65 200 Wine 136 500 Hard liquid 26 360 Soda. 36 300 Outgoing inventory e.g. VAT. (item count 30 November) Food (included coffee and tea) 576 400 Beer 36 340 Wine 468 000 Hard liquid 69350 Soda. 26210 Merchandise sales e.g. VAT. per product group (November 1- - 30) Food (included coffee and tea) 1 612 406,- Beer 173 643 Wine 347 287 Hard liquid 130 232 Soda. 217 125 a) Create and calculate product consumption per product group. b) Calculate the cost of goods (in NOK and % of goods sold) per product group. c) What will be the cost of goods (krona and %) for food and drink respectively? d) Explain the difference between goods purchases and goods consumption based on the tables above and the calculations you have just made. Why is it important to be aware of different? The restaurant in the income statement above had the following figures on the table in the last accounting month when the cost of goods for food and drink had to be calculated: Opening inventory e.g. VAT. (item count on 31 October): Food (included coffee and tea) 643 420,- Beer 38 250,- Wine 425.000,- Hard liquid 71.950,- Soda. 23.460,- Purchase of goods e.g. VAT. (1 November - 30 November) Food (included coffee and tea) 665 000 Beer 65 200 Wine 136 500 Hard liquid 26 360 Soda. 36 300 Outgoing inventory e.g. VAT. (item count 30 November) Food (included coffee and tea) 576 400 Beer 36 340 Wine 468 000 Hard liquid 69350 Soda. 26210 Merchandise sales e.g. VAT. per product group (November 1- - 30) Food (included coffee and tea) 1 612 406,- Beer 173 643 Wine 347 287 Hard liquid 130 232 Soda. 217 125 a) Create and calculate product consumption per product group. b) Calculate the cost of goods (in NOK and % of goods sold) per product group. c) What will be the cost of goods (krona and %) for food and drink respectively? d) Explain the difference between goods purchases and goods consumption based on the tables above and the calculations you have just made. Why is it important to be aware of different?
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a Product Consumption Per Product Group Food including coffee and tea 665000 576400 88600 Beer 65200 ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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