Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2:

	Dec. Year 1				Jan. Year 2				Feb. Year 2				Mar. Year 2
	(Actual)				(Budgeted)				(Budgeted)				(Budgeted)
Cost of goods sold	$	42,000			$	72,000			$	92,000			$	62,000

Desired ending inventory levels are 27% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:

Multiple Choice

$70,100.

$83,900.

$91,400.

$112,420.