Jackson incorporated produces leather handbags. The production budget for the next four months is: July 5,600 units, August 7,100 units, September 7,900 units, and October 8,200 units. Each handbag requires 0.5 square meters of leather. Jackson incorporated's ending leather inventory policy is 20% of next month's production needs. On July 1, leather inventory was expected to be 560 square meters. 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 purchases in July? Muniple cholce 536,850 538,350 $39.250 $39,350