Question Help Suppose Iron Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $24. Iron Handles projects sales of 700 10-inch skillets per month. The production costs are $11 per skillet for direct materials, $3 per skillet for direct labor, and per skillet for manufacturing overhead. Iron Handles has 55 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,900 per month. Iron Handles is budgeted to produce 820 skillets in July with a $20 production cost per skillet. Compute the budgeted cost of goods sold for July O A. $13,020 O B. $17.500 OC. $16,400 O D. $14,000