Jackson incarporated produces leather handbags. The production budget for the next four months is: July 5,400 units, August 7,200 units, September 8,400 units, and October 8,600 units. Each handbag requires 0.8 square meters of leather. Jackson incorporated's ending leather inventory policy is 30% of next month's production needs. On July 1, leather inventary was expected to be 1,296 squore meters. Leather is expected to cost $12 per square meter in June, but go up to $13 per squate meter in July. What is the expected cost of leather purchases in July? Multiple Chaike $60.276 16476 562.076 $62776