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Jackson Incorporated produces leather handbags. The production budget for the next four months is: July 5,400 units, August 7,000 units, 5 september 8,400 units, and October 8.100 units. Each handbag requires 0.4 square meters of leathet. Jackson Incorporated's ending leather inventory policy is 25% of next month's production needs. On July 1, leather inventory was expected to be 540 square meters. Leather is expected to cost $9 per square meter in June, but go up to $10 per square meter in July. What is the expected cost of leather purchases in July? Multiple Choice $24,100 $23,200 524,200 $21,700