Suppose Jones Company manufactures chairs. One model is the executive chair that sells for $120. Jones Company projects sales of 400 chairs per month. The production costs are as follows: $ 50 Direct materials per chair Direct labor per chair Manufacturing overhead per chair 20 10 Jones Company has 20 chairs in inventory at the beginning of January and wants to have an ending inventory equal to 20% of next month's sales. Selling and administrative expenses for this product line are $10,000 per month. What is the projected total sales revenue for the executive chair during January