Skymont Company wants an ending inventory each month equal to $21\%$ of that month's cost of goods sold. Cost of goods sold for February is projected at $$94,000.$ Ending inventory at the end of January was $$20,000.$ Based on this information, purchases for February would be:Based on this information, purchases for February would be:

Multiple Choice

$$94,260.$

$$74,000.$

$$74,260.$

$$93,740.$