Problem 1 Use the following data to answer the question below about actual food and beverage costs for the Marina Bay Grill for July: Ending Inventory (Food) Ending Inventory (Beverage) $68,000 $23,470 Food Purchases $305,000 Beverage Purchases Beginning Inventory (Food) Beginning Inventory (Beverage) $24,700 $72,400 $19,700 $3,870 Transfers to Bar $510 Beverage Theft/Pilferage Food Over-Portioning Expense $615 $4,100 Transfers from Bar Complimentary Food Complimentary Beverages Employee Meal Cost $2,160 $890 $11,225 $878,000 Food Revenues $116,500 Beverage Revenues What is the net cost of sales for food and beverage? Indicate dollar and percentage costs. Deablem 2