Suppose ChefPlus manufactures cast iron skillets. One model is a10-inch skillet that sells for $22. ChefPlus projects sales of 525 10-inch skillets per month. The production costs are $10 per skillet for directmaterials, $3 per skillet for directlabor, and $6 per skillet for manufacturing overhead. ChefPlus has 40 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 35% of the nextmonth's sales. Selling and administrative expenses for this product line are $1,700 per month. ChefPlus is budgeted to produce 669 skillets in July.

Compute the total amount budgeted for product costs for July.