Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved
After reading this chapter, you should be able to:
Calculate food cost for any one day and for all the days to datein a period.
Calculate food cost percentage for any one day and for all thedays to date in a period.
Prepare a daily report of food sales, food cost, and food cost percentage.
Determine book inventory value.
Explain the difference between book inventory and actualinventory.
Identify various causes for differences between book inventoryvalue and actual inventory value.