Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,300 units, August 7,600 units, September 8,000 units, October 8,900 units. Each handbag requires 0.5 square meters of leather Jackson Inc.'s leather inventory policy is 30% of next month's production needs. On July 1 leather inventory was expected to be 795 square meters. Leather is expected to cost $9.00 per square meter in June, but go up to $10.00 per square meter in July, What is the expected cost of leather purchases in July? Multiple Choice $30,950 $29,950 $30,850 $28,450