Misha Mashito, the owner of the MishMash Diner, has requested your assistance in determining some monthly...

 

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Misha Mashito, the owner of the MishMash Diner, has requested your assistance in determining some monthly expenses. She provides you with the following information: Revenue Beginning Inventory Ending Inventory Purchases Employee Meals Food to Beverage Transfer $ 185,000 $ 10,000 $ 9,000 $ 50,000 $ 750 $ 450 Determine the following costs: Cost of Food Sold - Dollars Cost of Food Sold - Percentage Cost of Beverage Sold - Dollars Cost of Beverage Sold - Percentage Cost of Food Used - Dollars Food $ 80,000 $ 2,500 $ 3,000 $ 18,000 Beverage Misha Mashito, the owner of the MishMash Diner, has requested your assistance in determining some monthly expenses. She provides you with the following information: Revenue Beginning Inventory Ending Inventory Purchases Employee Meals Food to Beverage Transfer $ 185,000 $ 10,000 $ 9,000 $ 50,000 $ 750 $ 450 Determine the following costs: Cost of Food Sold - Dollars Cost of Food Sold - Percentage Cost of Beverage Sold - Dollars Cost of Beverage Sold - Percentage Cost of Food Used - Dollars Food $ 80,000 $ 2,500 $ 3,000 $ 18,000 Beverage

Answer rating: 100% (QA)

Step 1 Cost Sheet It is a statement that shows the various components of total cost for a product an... View the full answer