Jackson Incorporated produces leather handbags. The production budget for the next four months is: July 5,300 units, August 7,600 units, September 8,000 units, October 8,900 units. Each handbag requires 0.5 square meters of leather. Jackson Incorporated's ending leather inventory policy is 30% of next month's production needs. On July 1 leather inventory was expected to be 1,600 square meters. What will leather purchases be in August? Multiple Choice 720 squaremeters 3,860 square meters 7,645 square meters 3,710 square meters