Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,300 units, August 7,300 units, September 7700 units. October 8,700 units. Each handbag requires 0.4 square meters of leather Jackson Inc'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? Multiple Choice $32.200 $32,100 $31,200 $20.700