Wellfleet Company manufactures recreational eqkipment and prepares annual operational budgets for each department. The Purchasing Department is finalizing plans for the fiscal year ending June 30 , Year 2 , and has gathered the following information regarding two of the components used in both tricycles and bicycles. Wellfleet uses the first-in, first-out inventory method. The budgeted dollar value of Wellfleet Company's purchases of Component A19 for the fiscal year ending June 30 , Year 2 is: $538,080 $540,600 $2,022,300 $2,027,250