Mackinac Island produces various fudge flavors,the most popular being chocolate fudge. The production budget for the next four months is: July 5,300 units, August 7,600 units, September 8,000 units, October 8,900 units. Each piece of chocolate fudge requires 0.5 ounces of sugar. Mackinac Island chocolate fudge inventory policy is 30% of next month's production needs. On July 1 sugar inventory was expected to be 795 ounces. Sugar is expected to cost $9.00 per ounce in June, but go up to $10.00 per ounce in July. What is the expected cost of sugar purchases in July? Multiple Choice $30,850 $30,950 $29,950 $28,450