Use the following data to answer the question below about actual food and beverage costs for...

Transcribed Image Text:

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) $68,00 Ending Inventory (Beverage) $23,47 Food Purchases $305,00 Beverage Purchases $24,70 Beginning Inventory (Food) $72,40 Beginning Inventory (Beverage) $19,70 Transfers to Bar $3,87 Beverage Theft/Pilferage $51 Food Over-Portioning Expense $61. Transfers from Bar $4,10 Complimentary Food $2,16 Complimentary Beverages $89 Employee Meal Cost $11,22 Food Revenues $878,00 Beverage Revenues $116,50 What is the net cost of sales for food and beverage? Indicate dollar and percentage costs. 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) $68,00 Ending Inventory (Beverage) $23,47 Food Purchases $305,00 Beverage Purchases $24,70 Beginning Inventory (Food) $72,40 Beginning Inventory (Beverage) $19,70 Transfers to Bar $3,87 Beverage Theft/Pilferage $51 Food Over-Portioning Expense $61. Transfers from Bar $4,10 Complimentary Food $2,16 Complimentary Beverages $89 Employee Meal Cost $11,22 Food Revenues $878,00 Beverage Revenues $116,50 What is the net cost of sales for food and beverage? Indicate dollar and percentage costs.