Suppose Iron City manufactures cast iron skills. One model is a 10-inch skilt that sols for $20. Iron City projects sales of 500 10-inch skallets per month. The production costs are $9 per kitot to crea materials, 51 per skilt for direct labor, and $2 per skilt for manufacturing overhead. Iron City has 50 10-inch Skiets in inventory at the beginning of Ady but wants to tuve an ending inventory equal to 20% af the next month's sales Selling and administrative expenses for this product line are $1,500 per month Iron Cty is budgeted to prodon 550 skllets in July with a 512 production cost per set Compute the budgeted cost of goods sold for July A. $6,000 OB $6,500 C. $6,000 OD$7.200 Suppose Malcentral sells 1,000 hardcover books per day at an average price of $30. Assume that Matontrarscout for the books in 75% of the ling price it charges retail stomen. Malcentra as no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $1,000 per day Compute Mal centro's budgeted sales for the next leven day) wook O A $157,500 OB. $217.000 OC $435.000 OD. $210,000