Question 4 Final Exam Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Desired ending inventory levels are 25% of the following month's projected cost of goods sold. Budgeted purchases of inventory in January Year 2 would be: Select one: a. $165,000 b. $147,500 c. $180,000 d. $137,500