Beginning Inventory | 10500 |
Purchases | 24000 |
Transfers from beverage dept. | 100 |
Total Input | 34600 |
Less: | |
Transfers To beverage dept. | 150 |
Closing Inventory | 8400 |
Total Cost of food used | 26050 |
Total Cost of food used | 26050 |
out of which | |
Cost of promotional meals | 300 |
Cost of Employee meals | 500 |
Balance is Cost of Food Sold | 25250 |
so,
Cost of food used | 26050 |
Cost of food Sold | 25250 |
Please comment in case of any query regarding the solution.
Gene Washburn owns used and cost of food so Income Statement 169 Problem 2 hburn owns...
schedule Problem 8 is an excellent food manager but needs your assistance in preparing the nent schedule for 20X8 according to the USALI. Andrew Bromley is an exc food department sch $850,000 45,000 12,000 2,000 Revenue information: Venue food revenue Service charges Meeting room rentals Allowances Expense information: Food purchases Transfers from beverage department Cost of employee meals Complimentary food-marketing Transfers to beverage department Salaries (management) Wages (non-management) 300,000 500 10,000 1,000 300 70,000 200,000 3,000 25,000 128 Chapter 3...