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Jul 24, 2020, 6:28:07 PM
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Jul 23, 2015, 2:43:46 AM
Cost of Beverage Sold=((Beginning Inventory+Purchases)-Ending Inventory)-Value of Transfers Out+Value of Transfers In
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This equation shows how to calculate the cost of beverage sold though inventory, transfers and purchases.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
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