Stu company provided the following information related to its inventory sales and purchases for december year 1 and the first quarter of year 2:
col1 dec. year 1 jan. year 2 feb. year 2 mar. year 2 (actual) (budgeted) (budgeted) (budgeted)

col2 cost of goods sold $ 36,000 $ 66,000 $ 86,000 $ 56,000
desired ending inventory levels are 28% of the following month's projected cost of goods sold. budgeted purchases of inventory in february year 2 would be: