jACKSON, Inc. produces leather handbags. The production budget for the next four months is: July, 5300 units, August 7300 units, September 7700 units, October 8700 units. Each handbag requires .4 m of leather. JACKSON Inc.'s ending leather inventory policy is 35% of next months production needs. On July 1, leather inventory was expected to be 742 m. Leather is expected to cost $12 per square meter in June, but go up to $13 per square meter in July. What is the expected cost of leather purchased purchases in July?

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