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

$\backslash$table$[[,$December Year,February Year$],[$Cost of goods sold,$1,$January Year $2,2,$March Year $2],[($Actual$),($Budgeted$),($Budgeted$),($Budgeted$),]]$

Desired ending inventory levels are $25\%$ of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year $2$ would be:

Multiple Choice

$$86,500.$

$$92,800$

$$72,700$

$$112,180.$