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Desired ending inventory levels are 258 of the following month's projected cost of goods sold. The company purchases all inventory on account. Januacy Year 2

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Desired ending inventory levels are 258 of the following month's projected cost of goods sold. The company purchases all inventory on account. Januacy Year 2 budgeted purchases are $150,000. The normal sehedule for imveatory poyments is 60% poyment in month of purchase and 40% payment in month following purchase. Budgeted cash peyments for inventory in February Year 2 would be: Multale Choice 5132,600 s)152. 600 . $159.000 399000

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