What will leather purchases be in August

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Problem - Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,200 units, August 7,800 units, September 7,900 units, October 8,800 units. Each handbag requires 0.7 square meters of leather. Jackson Inc.'s leather inventory policy is 40% of next month's production needs. On July 1 leather inventory was expected to be 1,600 square meters. What will leather purchases be in August?

Reference no: EM132917740

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