16. Jackson Inc. produces leather handbags. The production budget forthe next four months is: July 5.300 units, August 7700 units, September 8,400 units. October 8,100 units. Each handbag requires o 5 square meters or leather. Jackson Inc's leather Inventory policy is 30% of next month's production needs. on July 1 leather Inventory was expected to be 1200 square meters. What will leather purchases be In August? O 7,035 square meters 7.910 square meters o 3,005 square meters 3,955 square meters