Suppose Chef Kitchen manufactures cast iron skillets. One model is a$10-$inch skillet that sells for $$30.$ Chef Kitchen projects sales of $65010-$inch skillets per month. The production costs are $$10$ per skillet for direct$$ materials, $$4$ per skillet for direct$$ labor, and $$6$ per skillet for manufacturing overhead. Chef Kitchen has $7510-$inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to $25\%$ of the next$$ month's sales. Selling and administrative expenses for this product line are $$1,300$ per month. Chef Kitchen has budgeted cost of goods sold of $$13,000$ for July.

Compute the budgeted gross profit for July.