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Cost of Food Sold

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
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Jul 22, 2015, 3:31:42 AM
Cost of Food Sold=((Beginning Inventory+Purchases)-Ending Inventory)-Value of Transfers Out+Value of Transfers In-Employee Meals
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Tags
Operation Management Food Cost
UUID
2b9504e3-3022-11e5-a3bb-bc764e2038f2

The Cost of Food Sold includes/takes into account employee meals and transfers alongside inventory and purchases(raw materials).

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
This equation, Cost of Food Sold, is used in 2 pages
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