Question $9$

$3$ pts

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 $0\mathrm{.}5$ square meters of leather. Jackson Inc.$\text{'}$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 July?

$2,550$ square meters

$2,300$ square meters

$3,575$ square meters

$2,700$ square meters