Suppose Kitchen Helpers manufactures cast iron skillets. One model is a 10-inch skillet that sells for $26. Kitchen Helpers projects sales of 650 10-inch skillets per month. The production costs are $8 per skillet for direct materials, $4 per skillet for direct labor, and $6 per skillet for manufacturing overhead. Kitchen Helpers has 75 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,400 per month. Kitchen Helpers has budgeted cost of goods sold of $11,700 for July. Compute the budgeted gross profit for July. A. $5,200 B. $9,438 C. $7,488 OD. $3,250