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HandMI Corp. manufactures organic cotton totes in Michigan. The company estimates its production for the...

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Accounting

HandMI Corp. manufactures organic cotton totes in Michigan. The company estimates its production for the next four months as follows: July 5,100 units, August 7,800 units, September 8,400 units, October 8,700 units. Each tote requires 0.4 square meters of cotton. The company's cotton inventory policy is 40% of next months production needs. On July 1 cotton inventory was expected to be 816 square meters. What will cotton purchases be in July?

2,622 square meters

2,222 square meters

3,497 square meters

2,472 square meters

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