Please answer the question with formulas.

$3,000 $16.000 1 Part 1 2 Physical inventory, March 1 Physical Inventory, March 31 Total roces dated March 1.11 5 6 Monthly cost of food sold 7 Average inventory Inventory turnover rate (March) 10 Part 2 11 1. Identify and discuss in detail at least three mistakes ce made during the receiving process 12 14 15 16 12 2. What are some of the corrective actions that Bruce could have undertaken during the 13 delivery of items? Explain 119 App Ex Ch 6 Type here to search O i DOLL 12 4 N@ W3 7 tab a W E R u stock A . S D TI N C > for the for the item. Averaged price is a the average price wed to calculate the value of the inventory. Actual calculates the value of the inventory based on the actual price Inventory of all items. 5. Describe the issuing process, including issuing beverages. Wha 2 A Directive items are placed directly into product and are charged to as they are received by the operations loems that are placed in more sidered part of the inventory until issued for use. The process starts stores are. Each requisition should be reviewed and approved by a mat out a requisition, a form which is the items and quantities of every product emptied (aka "breakage on the requisition form and The requisition is then given to the storeroom and filled. Bartes issue a replacement bottle based on the bar par D. W7 da A P . A F APPLICATION EXERCISE weigh the other two bags. He also did not check the Part 1 The following are inventory figures for the White Pearl of potatoes, which read "Yukon Gold Yellow Potatoes restaurant Then Bruce moved to the meat. He did not remove the Physical inventory, March 1 $ 2,900 meat packs from their boxes. Instead, he weighed all packs and the boxes together and recorded the weight Physical inventory, March 31 $ 3.000 net product weight. There was also a bloody leak under Total invoices dated March 1-31 516,000 one of the boxes but the pack looked intact to him. The 1. What was the monthly cost of food sold in dollars delivery driver was in a hurry to make another delivery for this operation so Bruce let the driver help with moving items into the storage area. The invoice indicated six boxes of "Curly 2. What was the inventory turnover rate for March? napkins (at 1,500 napkins per box). Bruce signed the invoice and waved goodbye to the driver. Content with Part 2 Bruce was recently hired as a receiving clerk for the White his first receiving job, Bruce recorded the items into the Pearl restaurant. He has a PO for three bags (40 pounds system and sent a copy of the invoice to accounting, each) of Russet potatoes, 9 boxes of "Perry brand nap. 1. Identify and discuss in detail at least three mistakes kins (1,000 napkins per box), and three packs of beef loins Bruce made during the receiving process (50 pounds per pack). Bruce went to the receiving dock 2. What are some of the corrective actions that Bruce excited about the first receiving task at his new job. He could have undertaken during the delivery of tems weighed one of the bags of potatoes and the weight was Explain. correct. He decided that all bags looked alike and did not 176 5