The _____ may be taken at the end of each month or as frequently as needed, in order to determine the accurate cost of food consumed during that period.
A) perpetual inventory
B) daily food cost report
C) storeroom requisition
D) physical inventory

Question

Quizplus · Accepted Answer

The physical inventory is a count of all food and beverage items on hand. It is typically taken at the end of each month or as frequently as needed to determine the accurate cost of food consumed during that period. The other options do not specifically pertain to determining the cost of food consumed. The perpetual inventory is a continuous record of inventory levels, the daily food cost report tracks the cost of food sold on a daily basis, and the storeroom requisition is a form used to request items from the storeroom.

The _____ May Be Taken at the End of Each