Jackson Inc produces leather handtags. The production budget for the next four month July 5,000 units, August 7.000 units, September 7,500 units, October 3,000 units. Each handbag requires 05 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 750 square meters Leather is expected to cost $5.00 per square meter in June, but go up to $600 per square meter in July What is the expected cost of leather purchases in July Multiple Choice $16.00 513.800 $16,300 $16,200