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Jeremy Incorporated produces leather handbags. The production budget for the next four months is: July 5 , 6 0 0 units, August 7 , 1

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Jeremy Incorporated produces leather handbags. The production budget for the next four months is: July 5,600 units, August 7,100 units, September 7,800
units, and October 8,100 units. Each handbag requires 0.6 square meters of leather. Jeremy Incorporated's ending leather inventory policy is 25% of next
month's production needs. If the inventory policy is met, what will the July 1 inventory be?
Multiple Choice
450.0 square meters
2,018.0 square meters
1,110.0 square meters
840.0 square meters
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