Angel Corporation, a merchandising company, has prepared the following sales budget:

Month	Sales in units
January	1,600
February	1,040
March	1,800

The purchase price for each unit is $200.

Inventory on hand on January 1 is 1,000 units.

Target ending inventories are 20% of the next months sales.

Budgeted cost of purchases for February is:

Group of answer choices

$177,600

$161,600

$238,400

$208,000