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WorksheetsChapter 6 Review your Learning
Total questions: 10
Worksheet time: 50mins
What is FIFO?
A way to issue product
The same as closing inventory
A method of stock rotation
Part of an approved vendor sheet
What is the formula used to extend an inventory?
Dividing ending inventory by purchases
Obtaining the total cost of the inventory
Multipling the unit cost by the number of units
Combining the cost of a product located in the kitchen and the storeroom
Which two key documents should be compared during receiving by the receiving agent?
Product specification and purchase order
Purchase order and delivery invoice
Purchase order and credit memo
Product specification and product requisition
What does a food dating labeling system do?
Helps increase the accountability for food safety and inventory control standards
Applies only to perishable products, but is optional for nonperishables
Ensures that the proper storage temperatures are maintained
Satisfies requirements for local health departments
If the hotel lobby coffee and pastry bar had requisitions of $565, transferred in goods of $25, and transferred out goods of $50, what would its daily food cost be?
$540.00
$490.00
$640.00
$565.00
Given an opening inventory of $9,000, a closing inventory of $12,000, and a cost of food sold of $22,000, what would the inventory turnover for this establishment be?
3.8
2.8
1.0
2.1
What type of inventory is counted, recorded, priced, extended, and totaled?
Theoretical inventory
Physical inventory
Closing inventory
Perpetual inventory
How is a credit memo form used?
It is used to account for missing, returned, or spoiled items
It is used only on food returns from guests
It is used to issue credits to restaurant or foodservice departments
It is used when products are paid by credit card
What is the key provision of the Uniform Commercial Code?
Allows the buyer to reject goods for any reason
Excludes some food and beverage purchases
Requires the buyer to reject the goods in “a timely fashion”
Disallows replacement of damaged goods
Which document should employees present to have products issued?
Issue requisition
Issue removal claim
Issue authorization form
Issue adjustment record
