Mackinac Inc. produces denim backpacks. The production budget for the next four months is: July $5,800$ units, August $7,500$ units, September $7,700$ units, October $8,700$ units. Each backpack requires $0\mathrm{.}6$ square meters of denim.

Mackinac Inc.$$s denim inventory policy is $20\%$ of next month$$s production needs. On July $1$ leather inventory was expected to be $696$ square meters.

Denim is expected to cost $$13\mathrm{.}00$ per square meter in June, but go up to $$14\mathrm{.}00$ per square meter in July.

What is the expected cost of denim purchases in July?

Multiple Choice

$$50,076$

$$52,476$

$$52,576$

$$51,576$