Cheetos & Cheeeters produces Deluxe Leather Cheeters. The production budget for the next four months is: July 5300 units, August 7300 units, September 7700 units, October 8700 units. Each Cheeter requires 0.4 square meters of leather Cheetos & Cheeeters's leather inventory policy is 35% of next month's production needs. On July 1 leather inventory was expected to be 742 square meters. Leather is expected to cost $12.00 per square meter in June, but go up to $13.00 per square meter in July. What is the expected cost of leather purchases in July? Select one: a. $32,200 O b. $31,200 c. $29.700 O d. $32,100