Suppose Chef KitchenChef Kitchen manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Chef KitchenChef Kitchen projects sales of 700 10-inch skillets per month. The production costs are $8 per skillet for direct materials, $3 per skillet for direct labor, and $6 per skillet for manufacturing overhead. Chef KitchenChef Kitchen has 40 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 $1,100 per month. Chef KitchenChef Kitchen has budgeted cost of goods sold of $11,900 for July. Compute the budgeted gross profit for July

. A. $14,560 B. $13,440 C. $6,580 D. $7,700