Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10, 300 units, April 13, 300, May 16, 500, and June 21, 800. Marlow Company's ending finished goods inventory policy is 10% of the following month's sales. Marlow plans to sell 16,000 units in May. What is budgeted ending inventory for March? 1, 030 1, 300 1, 330 1, 650 13. Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7, 500, October 8,000. 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 1,000 square meters. What will leather purchases be in August? 7, 150 square meters 3, 575 square meters 7, 075 square meters 3, 425 square meters