1 points Save Answer Production budget for a handbags segment of a departmental store for the next four months is: July 6,000 units, August 8,000 units, September 7,500 units, October 8,000 units. Each handbag requires 0.5 square meters of leather. A Company's leather inventory policy is 30% of next month's production needs. On July 1 leather inventory was expected to be 2,000 square meters. Leather is expected to cost $6.00 per square meter in July. What is the expected cost of leather purchases in July? $13,100 $13,200 $16,200 $16,300