Chu Company provided the following information related to its inventory sales and purchases for December

Desired ending inventory levels are 33% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:

$77,900.

$95,600.

$88,100.

$111,220.

Jan. Year Feb. Year Mar. Year Dec. Year 1 (Actual) (Budgeted) (Budgeted) (Budgeted) Cost of $48,000 78,000$98,000 $68,000 sold