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Pollock Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec.
Pollock 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 $44,000 $74,000 $94,000 $64,000 Desired ending inventory levels are 29% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be: Multiple Choice $72,700. O $85,300. $92,800. $112,180
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