Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,200 units, August 7,800 units, September 7,600 units, October 8,000 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 780 square meters. Leather is expected to cost $10.00 per square meter in June, but go up to $11.00 per square meter in July. What is the expected cost of leather purchases in July? O $32,890 O $31,390 $33,790 O $33,890