Suppose Kitchen Helpers manufactures cast iron skillets. One model is a 10-inch skillet that sells for $32. Kitchen Helpers projects sales of 550 10-inch skillets per month. The production costs are $7 per skillet for direct materials, $5 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Kitchen Helpers has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 40% of the next month's sales. Selling and administrative expenses for this product line are $1,200 per month. Kitchen Helpers is budgeted to produce 710 skillets in July with a $15 production cost per skillet. Compute the budgeted cost of goods sold for July