Jackson ine produces leather handbags. The production budget for the next four months is July 5,300 units, August 2700 units, September 8,400 units, October 8,100 units. Each handbag requires 0.5 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 795 square meters. Leather is expected to cost $11.00 per square metet in June, but go up to $12.00 per square meter in July. What is the expected cost of leather purchases in July? Multiple Choice 537120 537020 $36.120