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
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