River Remodine CHHN ACC1210-1 - Excel View Review Formulas Page Layout Home WE General Conditional formats Format Farm So LA A SA- $ - %69 1 06 Cells Paste End Merge Center Alignment Number Chipboard (60000110%) 600 (65000-100000166000 071 D A 79 30 ) Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2 81 Dec Year 1 (Actual) $ 80,000 82 83 Cost of goods sold $4 Jan. Year 2 (Budgeted $ 140,000 Mar. Year 2 (Budgeted) $ 120,000 Feb. Year 2 (Budgeted) $ 180,000 85 86 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 87 A) $135.000 8 B) S165.000 89 C) $180.000 90 D) $225.000 91 Answer: 92 ng Sheet1 Sheet2 Edit RI