To find the monthly food cost percent, _____.
A) the final inventory plus the amount of food in production is added to give the cost of food sold for the month, and the monthly food cost percent, the purchases for the month are divided by the inventory at the beginning of the month
B) the purchases for the month are added to the inventory at the beginning of the month, and the final inventory plus the amount of food in production is subtracted to give the cost of food sold for the month
C) the purchases for the month are subtracted from the inventory at the beginning of the month, and the final inventory plus the amount of food in production is added to give the cost of food sold for the month
D) the final inventory plus the amount of food in production is added to give the cost of food sold for the month, and the monthly food cost percent, the purchases for the month are subtracted to the inventory at the beginning of the month

Question

Quizplus · Accepted Answer

To calculate the monthly food cost percent, you start with the inventory at the beginning of the month, add the purchases made during the month, and then subtract the final inventory and any food still in production. This gives you the total cost of food sold for the month.

To Find the Monthly Food Cost Percent, _____