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) $68,000 Ending Inventory (Beverage) $23,470 Food Purchases $305,000 Beverage Purchases $24,700 Beginning Inventory (Food) $72,400 Beginning Inventory (Beverage) $19,700 Transfers to Bar $3,870 Beverage Theft/Pilferage $510 Food Over-Portioning Expense $615 Transfers from Bar $4,100 Complimentary Food $2,160 Complimentary Beverages $890 Employee Meal Cost $11,225 Food Revenues $878,000 Beverage Revenues $116,500 What is the net cost of sales for food and beverage? Indicate dollar and percentage costs. Problem 2 a. What are the unadjusted food and beverage costs for the Hillside Resort, given the fol lowing information for April? (Express your answer in dollars and percentages.) Beginning Inventory Ending Inventory Food $110,000 $98,470 Beverage $38,500 $41,000 Purchases $488,000 $1,268,000 $161,000 $742,000 Revenues b. The following additional information about April's food and beverage costs is also available. Use this data to calculate net costs of sales for food and beverage. (Express your answer in dollars and percentages.) Transfers to Bar $5,170 Transfers from Bar $6,850 Employee Meals $7,640 Complimentary Meals $2,290 Complimentary Beverages $840 C. By what amounts are the food and beverage costs over- or understated, based on com- parisons between the unadjusted and net costs