Given the following information, use the FIFO method to calculate the value of the inventory at the end of the month. $\begin{array} {ll} \text {Beginning Inventory} &\text {35 cases @ \$20/case}\\ \text {Purchases}&20 cases@\text {\$22/case}\\ \text {Ending Inventory }&\text {25 cases}\\ \end{array}$

A) $500 B) $540 C) $550 D) $640 A) $500 B) $540 C) $550 D) $640 B

Given the following information, use the weighted average method to calculate the value of the inventory at the end of the month. $\begin{array} {ll} \text {Beginning Inventory} &\text {35 cases @ \$20/case}\\ \text {Purchases}&20 cases@\text {\$22/case}\\ \text {Ending Inventory }&\text {25 cases}\\ \end{array}$

A) $500.00 B) $518.25 C) $550.00 D) $621.90 A) $500.00 B) $518.25 C) $550.00 D) $621.90

Given the following information, use the LIFO method to calculate the value of the inventory at the end of the month. $\begin{array} {ll} \text {Beginning Inventory} &\text {40 cases @ \$20/case}\\ \text {Purchases}&20 cases@\text {\$22/case}\\ \text {Ending Inventory }&\text {30 cases}\\ \end{array}$

A) $600 B) $620 C) $640 D) $660 A) $600 B) $620 C) $640 D) $660

Given the following information, calculate the adjusted net cost of sales. $\begin{array}{lc} \text { Beginning Inventory } & \$ 80,000 \\ \text { Purchases } & \$ 40,000\\ \text { Food Transfers } & \$ 1,000 \\ \text { Employee Meals } & \$ 250 \\ \text { Ending Inventory } & \$ 60,000 \end{array}$

A) $40,000 B) $58,750 C) $60,000 D) $61,250 A) $40,000 B) $58,750 C) $60,000 D) $61,250

Exam 9: Calculating Actual Food and Beverage Costs

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Given the following information, use the FIFO method to calculate the value of the inventory at the end of the month. Beginning Inventory 35 cases @ \2 0/case Purchases 20cases@ \2 2/case Ending Inventory 25 cases

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Question 1

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Which of the following types of food purchases would most likely be charged to food costs on the day they are received?

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Given the following information, use the FIFO method to calculate the value of the inventory at the end of the month.

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Question 3

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Given the following information, use the weighted average method to calculate the value of the inventory at the end of the month. Beginning Inventory 35 cases @ \2 0/case Purchases 20cases@ \2 2/case Ending Inventory 25 cases

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Question 4

Providing a high level of security and accurate beverage information tracking, ______________ count and record -by number of portions-the total amount of all beverages run through the system during a specific shift.

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Question 5

Which of the following adjustments increases the cost of food sold for a given month?

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Question 6

Given the following information, calculate the dollar amount of purchases made during the month

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Question 7

Which of the following types of food purchases would most likely be stored and charged to food costs as they are issued?

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Question 8

Given the following information, use the LIFO method to calculate the value of the inventory at the end of the month. Beginning Inventory 40 cases @ \2 0/case Purchases 20cases@ \2 2/case Ending Inventory 30 cases

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Question 9

Given the following information, calculate the adjusted net cost of sales. Beginning Inventory \ 80,000 Purchases \ 40,000 Food Transfers \ 1,000 Employee Meals \ 250 Ending Inventory \ 60,000

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Question 10

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Given the following information, use the FIFO method to calculate the value of the inventory at the end of the month. Beginning Inventory 35 cases @ \2 0/case Purchases 20cases@ \2 2/case Ending Inventory 25 cases

Which of the following types of food purchases would most likely be charged to food costs on the day they are received?

Given the following information, use the FIFO method to calculate the value of the inventory at the end of the month.

Given the following information, use the weighted average method to calculate the value of the inventory at the end of the month. Beginning Inventory 35 cases @ \2 0/case Purchases 20cases@ \2 2/case Ending Inventory 25 cases

Providing a high level of security and accurate beverage information tracking, ______________ count and record -by number of portions-the total amount of all beverages run through the system during a specific shift.

Which of the following adjustments increases the cost of food sold for a given month?

Given the following information, calculate the dollar amount of purchases made during the month

Which of the following types of food purchases would most likely be stored and charged to food costs as they are issued?

Given the following information, use the LIFO method to calculate the value of the inventory at the end of the month. Beginning Inventory 40 cases @ \2 0/case Purchases 20cases@ \2 2/case Ending Inventory 30 cases

Given the following information, calculate the adjusted net cost of sales. Beginning Inventory \ 80,000 Purchases \ 40,000 Food Transfers \ 1,000 Employee Meals \ 250 Ending Inventory \ 60,000

The Challenge of Food and Beverage Operations

The Control Function

The Menu: the Foundation for Control

Operations Budgeting and Cost-Volume-Profit Analysis

Determining Food and Beverage Standards

Purchasing and Receiving Controls

Storing and Issuing Controls

Production and Serving Controls

Control: Analysis, Corrective Action,and Evaluation

Revenue Control

Preventing Revenue Theft

Labor Cost Control

Implementing Labor Cost Controls

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