Wallace Company provides the following data for next year: Month January February March April Budgeted Sales...

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Wallace Company provides the following data for next year: Month January February March April Budgeted Sales $123,000 116,000 141,000 145,000 1.5 points Save Ar The gross profit rate is 30% of sales. Inventory at the end of December is $31,600and target ending inventory levels are 20% of next month's sales, stated at cost What is the amount of purchases budgeted for February? $33,840 $81,200 $105,840 $84,700 Wallace Company provides the following data for next year: Month January February March April Budgeted Sales $123,000 116,000 141,000 145,000 1.5 points Save Ar The gross profit rate is 30% of sales. Inventory at the end of December is $31,600and target ending inventory levels are 20% of next month's sales, stated at cost What is the amount of purchases budgeted for February? $33,840 $81,200 $105,840 $84,700