Jaybird Inc. produces leather handbags. The sales budget for the next four months is: July 5,800 units, August 7,700, September 8,000, October 8,900. Jaybird Inc.s ending finished goods inventory policy is 10% of the following months sales. Each handbag requires 1.9 hours of unskilled labor (paid $10 per hour) and 3.1 hours of skilled labor (paid $17 per hour). What will be the total labor cost for the month of August? $473,951 $552,071 $554,241 $38,650