Problem 5

As the controller for Kelly's, a hotel with a large restaurant operation, you are responsib for monitoring costs. You have collected the following information concerning the foot inventory and need to calculate the cost of food sold for the month of December. Inventory, December 1, 20X1 Inventory, December 31, 20X1 Purchases Employee Meals: A. General Manager B. Food Department Transfers from the Bar to Kitchen Promotional Meals Required: 1. Calculate the cost of food sold for December 20X1. 2. To which departments would each expense be charged? Expense 1. Cost of food sold 2. Employee meals-general manager 3. Employee meals-food department 4. Promotional meals $12,376 15,845 76,840 85 648 46 256 Department The Burba I Revenue: Transi Trans Other Expenses: Allov Salar Wage Payr Wor Hea Com Con Lau Dry Lin Gu Cle Of

As the controller for Kelly's, a hotel with a large restaurant operation, you are rou collected the following information concerniting for monitoring costs. You have collo inventory anc Required: 1. Calculate the cost of food sold for December 20X1. r. ...hish devartments would each expense be charged? As the controller for Kelly's, a hotel with a large restaurant operation, you are rou collected the following information concerniting for monitoring costs. You have collo inventory anc Required: 1. Calculate the cost of food sold for December 20X1. r. ...hish devartments would each expense be charged