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Castle Company provided the following information related to its inventory sales and purchases for December...

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Castle Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: 7 Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted) $ 47,000 $ 77,000 $ 97,000 $67,000 3 points Cost of goods sold 01:35:05 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: Beak Multiple Choice $76,600 $111,520 $89,500, $94.900

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