ailery Leather located in Maine produces journals and photo albums. Each photo album requires 2.5 kllograms of the raw material. leather. Budgeted production photo albums for the next five months is as follows: he company wants to maintain monthly ending inventories of leather equal to 20% of the following month's production needs. On July 31.10,800 klograms of ather were on hand. The cost of leather is $18 per kilogram. The company wants to prepare a Direct Materlals Purchase Budget for the next five months. he total cost of leather to be purchased in August is: $1,839,600 $1,014,300 $1,017,000 $1,208,700