Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: 10 Dec. Year 1 (Actual) $38,000 Jan. Year 2 (Budgeted) $68,000 Feb. Year 2 (Budgeted) $88,000 Mar. Year 2 (Budgeted) $58,000 Cost of goods sold 8 00:18:18 February Year 2 would be: Multiple Choice 0 $108,040 $65,800 O $87700