Southern Inc. Southern Inc. produces a line of salsas. Estimated production of salsa is as follows: July 80,000 jars August 90,000 jars September 70,000 jars Each jar requires 0.25 kg of peppers. The company prefers to buy the freshest peppers, so its policy is to have just 5% of the following month's production needs in ending inventory. On July 1, the company had 1,200 kg of peppers in inventory. The company pays $0.40 per kilogram of peppers. It buys all peppers on account and typically pays 50% of a month's purchases in that month, and the remaining 50% the following month Refer to Southern Inc. What is the cost in dollars of purchases for July? $7,970 $8,450 $19,925 $33,320 to search