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What is the cost of food sold dollars

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Question - The following information was collected at the end of the month:

Food Sales $122,330 Cooking Liquor $400

Promotion Expense $600 Steward Sales $150

Food to Bar (directs) $265 Food Purchases $42,300

Closing Inventory (9/30) $10,450 Opening Inventory (9/1) $11,820

Gratis to Bar $25

Employee Meals: Lunches 320 @ $3.00

Dinners 340 @ $3.50

Required - What is the Cost of Food Sold dollars (Food Cost)?

Reference no: EM133161753

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