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Find the actual cost of sales

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Reference no: EM133123216

Question - Splendid Burgers restaurant had monthly purchases of $20,000 in March. The operation had an opening inventory of $5,200 and closing inventory of $9,400. It also offered employee meals valued at $1,200.

1) Find the Actual Cost of Sales.

2) What is the sales cost percentage for Splendid Burgers, if the restaurant had $40,000 in sales?

3) Based on the numbers below, fill in the following (...)

Beginning Inventory = $21,456

+

Purchases = $14,987

(.....)

Ending Inventory = $(....)

=

Cost of Sales = $13,957

- If there were $45,765 in sales generated from the above listed cost of sales, what would be the cost percentage? (.....)%

Fill in the (....) to fulfill this equation.

(....) (....) (....)   = Cost of Sale Percentage

Reference no: EM133123216

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