Question 20 3 pts Purple Princess Inc. produces purses. The production budget for the next four months is: 5,000 units for July, 7,000 units for August, 7,500 units September, and 8,000 units for October. Each purse requires 0.5 square meters of leather. Purple Princess Inc.'s leather inventory policy is 30% of next month's production needs. If the leather policy is met, what will the inventory balance be on July 1st? 300 square meters 1,825 square meters 750 square meters 1,050 square meters