Garden Catering provides catering to downtown offices. The company estimates there will be $47,700 in...

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Accounting

Garden Catering provides catering to downtown offices. The company estimates there will be $47,700 in food
inventory at the beginning of December 2020. Management 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 $118,900.
Prepare a purchases budget.

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