Cheetos & Cheeeters produces Deluxe Leather Cheeters. The production budget for the next four months is: July 5800 units, August 7500 units, September 7700 units, October 8700 units. Each Cheeter requires 0.6 square meters of leather. Cheetos & Cheeeters's leather inventory policy is 20% of next month's production needs. On July 1 leather inventory was expected to be 696 square meters. Leather is expected to cost $13.00 per square meter in June but go up to $14.00 per square meter in July. What is the expected cost of leather purchases in July? Select one: O a. $52,476 b. $51,576 C $52,576 d. $50,076 Previous page Next page