A Bar Operation Achieved $92,000 in Beverage Sales for an Accounting

Multiple Choice

A bar operation achieved $92,000 in beverage sales for an accounting period. For that period, it had a beginning inventory of $25,000. Ending inventory was $22,000 and beverage purchases equaled $20,000. What was the bar's beverage cost percentage for the period?

A) 15%
B) 20%
C) 25%
D) 30%