Kawards & Layyers Inc. produces leather handbags. The production budget for the next four months is: July 5900 units, August 7200, September 8100, October 8500. Each handbag requires 0.5 square meters of leather. Kaward & Layyers's leather inventory policy is 20% of next month's production needs. If the leather policy is met, what will the July 1 inventory be? Select one: a.590.0 square meters O b. 140.0 square meters C.720.0 square meters d. 1665.0 square meters The starting point for preparing the master budget is the: Select one: a. sales budget. b.inventory budget. c. production budget. d. budgeted balance sheet