Albertville Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather. Albertville Inc.’s leather inventory policy is 30% of next month’s production needs. If the leather policy is met, what will the July 1 inventory be?
a. 750 square meters
b. 1,050 square meters
c. 1,825 square meters
d. 300 square meters