Forest Catering provides catering to downtown offices. The company estimated there will be $66,500 in food inventory at the beginning of December 2020 . Forest Catering wants to have half of that amount in its inventory at the end of December. Based on the forecast, cost of food sales in December will be $111,500. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values or values that must be subtracted. Prepare a purchases budget. Forest Catering Purchases Budget Month Ending December 31, 2020 Budgeted Cost of Sales Answer Required Ending Inventory Answer Budgeted Beginning Inventory Answer Required Purchases