Suppose Cook Plus manufactures cast iron skillets. One model is a 10 -inch skillet that sells for $34. Cook Plus projects sales of 55010 -inch skillets per month. The production costs are $7 per skillet for direct materials, $4 per skillet for direct labor, and $1 per skillet for manufacturing overhead. Cook Plus has 5510 -inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 30% of the next month's sales. Selling and administrative expenses for this product line are $1,800 per month. Cook Plus is budgeted to produce 660 skillets in July with a $12 production cost per skillet. Compute the budgeted cost of goods sold for July. A. $8,470 B. $8,580 C. $7,920 D. $6,600