Cost of Beverage Sold
`"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.
