Garden Catering provides catering to downtown offices. The company estimated there will be $45,600 in food inventory at the beginning of December 2020 . Garden 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 $136,900.

Garden Catering Purchases Budget Month Ending December 31, 2020Budgeted Cost of SalesAnswerRequired Ending InventoryAnswerBudgeted Beginning InventoryAnswerRequired PurchasesAnswer