Chu Company provided the following information related to its inventory sales and purchases for December Vear 1 and the fikst quarter of Year 2 : Desired ending inventory levels are 25% of the following month's projected cost of goods sold. Budgeted purchases of iriventory in February Year 2 would be: Multiple Choice $75,300. $88.500. $75,300 $88,500 $94,200 $111,780