Food Sales for the Month Total $90,000

Multiple Choice

Food sales for the month total $90,000. What is the actual food cost of sales percentage for the month assuming these data? Beginning inventory $05,890
Net purchases $22,500
Transfers in $0,0870
Transfers out $0,0490
Ending inventory $05,010
Employee meals $0,0870
Promotional food cost $0,0440

A) 24.94%
B) 26.4%
C) 23.86%
D) 25.43%