AUDITABLE INPUT RECORD
Restaurant Inventory Period Record
Direct definition
An inventory period record aligns beginning inventory, purchases, ending inventory and food sales to the same dates and accounting scope.
Required fields
- Period start and end
- Beginning and ending inventory values
- Purchases and transfer treatment
- Matching food-sales definition
Calculation contract
Actual food cost % = (beginning inventory + purchases − ending inventory) ÷ food sales × 100.
Decision use
Use it to compare actual food cost across equivalent periods and investigate the gap from recipe-based theoretical cost.
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