Chica Fabulous produces leather handbags. The production budget (units to be produced) for the next four months is: May 5,000 units, June 5,500, July 6,000, August 6,500. A Company's leather inventory policy is 30% of next month's production needs. On May 1 leather Inventory was expected to be 2,000 square meters. Each handbag requires 0.8 square meters of leather. Leather is expected to cost $6.00 per square meter in July. What is the expected cost of leather purchases in JULY? Select one: a. $27,000 Ob: $30,820 c. $29.520 d. $33,900