What is the net cost of sales

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Reference no: EM132105304

Given the following information, what is the Net Cost of Sales: Food during August 20XX for the Hilo Town Restaurant? Value of ending food inventory, August 30, 20XX $ 37,450 Value of ending food inventory, July 31, 20XX $ 39,790 Value of purchases during August 20XX $107,475 Value of transfers to kitchen $ 6,470 Value of transfers from kitchen $ 3,125 Cost of employee meals $ 1,140 Value of complimentary meals $ 990.

Reference no: EM132105304

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