I really need help Total food and beverage expensesAarita Lo the owner of the MaLo Diner, has requested your assistance in determiningRNxd and beverage departmental incomeme monthly expenses. She provides you with the following information:nt fromProblem 4he owner of the MaLo Diner, has requested your assistance in determiningNarika Lly expenses. She provides you with the following information:lows:FoodBeginning inventory, 1/1Ending inventory, 1/31$ 8,000$10,000$40,000Beverages$ 3,000$ 3,500$20,000PurchasesEmployee mealsFood transfers to beverage department$ 500$ 300Required:Determine the following:1 Cost of food used2 Cost of food soldi Cost of beverages sold

COST OF FOOD USED : PARTICULARS AMOUNT $ BEGINNING INVENTORY $8,000 ADD : PURCHASES $40,000…

Ata La the owner of the MaLo Diner, has requested your assistance in determining e monthly expenses. She provides you with the following information: Problem 4 Food Reginning inventory, 1/1 Ending inventory, 1/31 Purchases $ 8,000 $10,000 $40,000 $ 500 $ 300 Beverages $ 3,000 $ 3,500 $20,000 Employee meals Food transfers to beverage department Required Determine the following: Cost of food used 2 Cost of food sold Cost of beverages sold

Ata La the owner of the MaLo Diner, has requested your assistance in determining e monthly expenses. She provides you with the following information: Problem 4 Food Reginning inventory, 1/1 Ending inventory, 1/31 Purchases $ 8,000 $10,000 $40,000 $ 500 $ 300 Beverages $ 3,000 $ 3,500 $20,000 Employee meals Food transfers to beverage department Required Determine the following: Cost of food used 2 Cost of food sold Cost of beverages sold

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 5RE: Longmire Sons nude sales un credit to Alderman Sports totaling 500,000 on April 18. The cost of the...

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My text book is Hospitality Industry Financial Accounting (4th edition). I am in chapter 10 -- INVENTORY now. Problem 5 asks me to Calculate the cost of food used and the cost of food sold for the Fairbanks Hotel for the month of June. The scenario is the following: The following data is for the month of June 20x3 for the Fairbanks Hotel. Beginning Inventory $28,300 Purchases $16,200 Ending Inventory $29,500 Employee Meals-Rooms Department $300 Employee Meals - Food & Beverage Department $500
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In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $7 on January 1, (2) 450 units at $8 on January 8, and(3) 750 units at $9 on January 29. Assuming 900 units are on hand at the end of the month, calculatethe cost of goods available for sale, ending inventory, and cost of goods sold under the ( a ) FIFO,( b ) LIFO, and ( c ) weighted average cost flow assumptions. Assume a periodic inventory system is used
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