Jackson Incorporated produces leather handbags. The production budget for the next four months is: July 5,200 units, August 7,800 units, September 7,500 units, and October 8,500 units. Each handbag requires 0.6 square meters of leather. Jackson Incorporated's ending leather Inventory policy is 35% of next month's production needs. On July 1, leather inventory was expected to be 1,092 square meters. Leather is expected to cost $14 per square meter in June, but go up to $15 per square meter in July. What is the expected cost of leather purchases in July? Multiple Choice $53,490 $55,890 $55,990 $54.990

Jackson Incorporated produces leather handbags. The production budget for the next four months 15 July 5,200 units, August 7,800 units, September 7,500 untw, and October 8,500 units. Each handbag requites 0,6 square meters of leather Jackson Incorporated's ending leather litventory policy is 35% of next month's production needs. On July 1, leather invemory was expected to be 1.092 square meters teather in expected to cost 514 per square meter in June, but go up to $15 per square meter in July. What is the expected cost of leather purchases in Juty? Muivicie Chice 533.490 $55050 555.990 354990