Calculate the missing Information.

1. Opening Inventory: P 788.00

Purchases: 2,874.00
Closing Inventory: 1,203.00
What is the Cost of food sold? __(2pts)
What is the food cost percentage if the sales is P3,200?____________(2pts)
Is the operation Profitable or gained its loss?____________(1pt)

2. Opening Inventory: P3,222.00

Purchases: 10,540.50
Cost of food sold: 9,442.75
What is the Closing Inventory? ______(2pts)
What is the food cost percentage if the sales is P15,000?____________(2pts)
Is the operation Profitable or gained its loss?____________(1pt)

3. If Opening Inventory is ₱7, 348, food Purchases are ₱11, 412.90 and the Closing
Inventory is P3, 890, what is the amount of total foods available? What is the
food cost percentage if the sales are ₱79, 000? Is the operation Profitable or
gained its loss? (5pts)
4. If the Opening Inventory is ₱ 8,880, Closing Inventory is P4, 560.25, and the
Cost of food sold is P3, 985, what is the value of the total food available during
the period?
What is the value of the food that was purchased during this period? What is the
food cost percentage if the sales is P18,756? Is the operation Profitable or
gained its loss? (5pts)

5. Purchases: P13,913.075
Closing Inventory: 1,651.55
Cost of food sold: 26,174.60
What is the Opening Inventory for this period?________________(2pts)
What is the food cost percentage if the sales is P66,560?____________(2pts)
Is the operation Profitable or gained its loss?____________(1pt)