Given opening storeroom inventory of $6,000., opening bar inventory of $3,000., closing storeroom inventory of $7,000., closing bar inventory of $4,000., and purchases of $12,000, cost of beverages sold is:

Question

Quizplus · Accepted Answer

The cost of beverages sold is calculated as: (Opening Storeroom Inventory + Opening Bar Inventory + Purchases) - (Closing Storeroom Inventory + Closing Bar Inventory) = ($6,000 + $3,000 + $12,000) - ($7,000 + $4,000) = $21,000 - $11,000 = $10,000.

Given Opening Storeroom Inventory of $6,000