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	$	32,000			$	62,000			$	82,000			$	52,000

Desired ending inventory levels are 32% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:

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	$	32,000			$	62,000			$	82,000			$	52,000

Desired ending inventory levels are 32% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:

$61,600

$72,400

$79,900

$91,120