Suppose Iron City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $20. Iron City projects sales of 500 10-inch skillets per month. The production costs are $9 per skillet for direct materials, $1 per skillet for direct labor, and $2 per skillet for manufacturing overhead. Iron City has 50 10- inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20% of the next month's sales. Selling and administrative expenses for this product line are $1,500 per month. When answering the four questions below, enter your answer using only numeric amounts, rounded to the nearest dollar/units (no dollar signs and no commas). 1. How many 10-inch skillets should Iron City produce in July? skillets 2. What is the total amount of budgeted product costs for July? $ 3. What is the budgeted cost of goods sold for July? $ 4. What is the budgeted gross profit for July? $