I was reading a related post regarding COGS tracking for a manufacturing company, and was curious about proper tracking of COGS in the food and beverage industry?
Cost of Goods Sold - Food & Beverage Industry
Answers
I worked for a full service hotel quite some time ago and this was fairly simple. We used Beg. Inventory + Purchases - Ending Inventory. The best part of this job was the in depth debates on what causes variances in food and beverage costs.
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