"Practice Problems $11-4$ Determining the Monthly Food Cost and Food Cost Percentage" In problems A through E$,$ find the cost of food sold and the monthly food cost percent. Calculate the monthly food cost percentage. For example, if the answer is $0\mathrm{.}29748,$ go to the fifth number to the right of the decimal and use that number to round off to the fourth number to the right of the decimal. Now the answer is $0\mathrm{.}2975.$ Next, convert $0\mathrm{.}2975$ to a percentage. Therefore, the final answer would be $29\mathrm{.}75$ percent. A$.$ Food in Production $$5,025\mathrm{.}00$ Sales $$48,500\mathrm{.}00$ Inventory at Beginning of Month $ $4,890\mathrm{.}00$ Purchases for the Month $$41,465\mathrm{.}00$ Final Inventory $$3,682\mathrm{.}00161$ Cost of Food Sold follow Excel protocall to add formula in the cell $"=($BI $+$ P$)-($EI $+$ FIP$)"162$ Monthly Food Cost Percent B$.$ Food in Production $ $2,017\mathrm{.}25$ Sales $$76,585\mathrm{.}45$ Inventory at Beginning of Month $$8,296\mathrm{.}25$ Purchases for the Month $$18,440\mathrm{.}25$ Final Inventory $$4,635\mathrm{.}65163$ Cost of Food Sold $164$ Monthly Food Cost Percent C$.$ Food in Production $$1,025\mathrm{.}00$ Sales $ $39,760\mathrm{.}00$ Inventory at Beginning of Month $$1,495\mathrm{.}00$ Purchases for the Month $$12,025\mathrm{.}00$ Final Inventory $$675\mathrm{.}00165$ Cost of Food Sold $166$ Monthly Food Cost Percent D$.$ Food in Production $$895\mathrm{.}00$ Sales $$125,545\mathrm{.}00$ Inventory at Beginning of Month $$6,264\mathrm{.}36$ Purchases for the Month $$28,418\mathrm{.}00$ Final Inventory $$3,268\mathrm{.}45167$ Cost of Food Sold $168$ Monthly Food Cost Percent E$.$ Food in Production $$1,395\mathrm{.}00$ Sales $$66,342\mathrm{.}00$ Inventory at Beginning of Month $ $4,615\mathrm{.}15$ Purchases for the Month $$22,728\mathrm{.}00$ Final Inventory $$3,785\mathrm{.}00169$ Cost of Food Sold $170$ Monthly Food Cost Percent