Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,500 units, August 7,300 units, September 8,100 units, October 8,600 units. Each handbag requires 0.8 square meters of leather. Jackson Inc.'s leather inventory policy is 20% of next month's production needs. On July 1 leather inventory was expected to be 1,400 square meters. What will leather purchases be in August? Multiple Choice 5,818 square meters 7,385 square meters 7,460 square meters i 5,968 square meters