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Chef Erin completes her inventory on Thursday evening and finds that she has $11,500 in...

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Accounting

Chef Erin completes her inventory on Thursday evening and finds that she has $11,500 in product on hand. Throughout the week, she purchases $500 in dry goods, $900 in dairy products, and $1000 in meat products. At the end of the week, she conducts inventory and finds that she has $10,000 in inventory left on hand. Please answer the following questions:
What was the COST OF GOODS SOLD during this time period? SHOW YOUR MATH!
If weekly Sales or Revenue is $12,895, please calculate the Food Cost Percentage for that time period. BE SURE TO SHOW YOUR WORK."

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