Exercise 8.

1 Barnaby's Hideaway
Storeroom Inventory

Month September October

Articles Quantity Price Amount Quantity Price Amount
Brought Forward $4,365.20
Tomato Paste #2 1/2 20 $ 1.85 $ 37.00
Tomato Paste #10 8 $ 4.50 $ 36.00
Tomato Puree #10 10 $ 5.20 $ 52.00
Tomatoes chopped #2 1/2 22 $ 1.30 $ 28.60
Tomato Sauce #10 12 $ 3.70 $ 44.40
Tomatoes, whole, peeled #10 8 $ 3.45 $ 27.60
Total $4,590.80
Exercise 8.2 Barnaby's Hideaway
Cost of Food Sold Calculation

Opening Inventory $ 5,320.00

Purchases $ 24,560.00
Total Available $ 29,880.00
Closing Inventory $4,590.80
Cost of Food Issued $ 25,289.20
Cooking Liquor $ 183.00
Subtotal $ 25,472.20
Food to Bar $ 75.60
Stewards Sales $ 365.50
Promotion Expense $ 87.30 $ 528.40
Cost of Food Consumed $ 24,943.80
Cost of Emploiyees' Meals $ 1,365.00
Cost of Food Sold $ 23,578.80
Exercise 8.3 Barnaby's Hideaway
Claculation of Food Cost Percent

Food Cost % = Food Cost

Food Sales

Food Cost % = $ 23,578.80

$ 66,419.15

Food Cost % = 36%

Exercise 8.4

Inventory Turnover

Average Inventory Opening Inventory + Closing Inventory

2

Opening Inventory $ 5,320.00

Closing Inventory $4,590.80
Total $9,910.80
/2
Average Inventory $4,955.40

Average Inventory

Inventory Tunover Food Cost

Average Inventory

Inventory Turnover $4.76

Exercise 9.1 Barnaby's Hideaway
Daily Cumulative Cost Record

Date Directs Stores Adjustments Total Cost Total Sales

Beverage Food to Today To Date Today To Date
to Food Beverage

1-Oct $ 200.00 $ 750.00 $ 950.00 $ 950.00 $ 2,875.00 $ 2,875.00

2-Oct $ 100.00 $ 950.00 $ 25.00 $ 35.00 $ 1,040.00 $ 1,990.00 $ 2,950.00 $ 5,825.00
3-Oct $ 120.00 $ 920.00 $ 20.00 $ 30.00 $ 1,030.00 $ 3,020.00 $ 3,050.00 $ 8,875.00
4-Oct $ 150.00 $ 965.00 $ 40.00 $ 50.00 $ 1,105.00 $ 4,125.00 $ 3,120.00 $ 11,995.00
5-Oct $ 80.00 $ 655.00 $ 15.00 $ 30.00 $ 720.00 $ 4,845.00 $ 2,125.00 $ 14,120.00
 Food Cost %
Today To Date

33.0% 33.0%
35.3% 34.2%
33.8% 34.0%
35.4% 34.4%
33.9% 34.3%
Exercise 9.2 Barnaby's Hideaway
Cost Report to Management

Same Day To Date

Date 3-Oct Today Last Week This Week

Food Sales $ 2,975.00

Food Cost $ 1,017.00
Cost % 34.18%

Cost Breakdown

Directs $ 110.00
Stores $ 917.00
Beverage to Food $ 10.00
Food to Beverage $ 20.00
Last Week

$ 8,345.00
$ 2,963.00
35.5%

$ 410.00
$ 2,573.00
$ 35.00
$ 55.00