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Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Chef City projects sales of 625 10-inch skillets
Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Chef City projects sales of 625 10-inch skillets per month. The production costs are $12 per skillet for direct materials, $5 per skillet for direct labor, and $3 per skillet for manufacturing has 35 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 35% of the next month's sales. Selling and administrative expenses for this product line are $1,800 per month. Chef City is budgeted to produce 809 skillets in July with a $20 production cost per skillet overhead. Chef City Compute the budgeted cost of goods sold for July. O A. $14,943 O.B. $12,500 O C. $16,880 O D. $16,180
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