XYZ produces leather handbags. The production budget for the four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.2 square meters of leather. Jackson Inc. leather inventory policy is 30% of the next months production needs. On July 1 leather inventory was excepted to be 1,000 square meters. Leather is excepted to cost 5.00 per square meter in June, but go up to $6.00 per square meter in July. what is the excepted cost of leathee purchases in July