Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,300 units, August 7,700 units, September 8,400 units, October 8,100 units. Each handbag requires 0.5 square meters of leather. Jackson Inc.’s leather inventory policy is 30% of next month’s production needs. On July 1 leather inventory was expected to be 1,200 square meters. What will leather purchases be in August?   Multiple Choice   3,955 square meters   7,910 square meters   7,835 square meters   3,805 square meters

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