Suppose Kitchen HelpersKitchen Helpers manufactures cast iron skillets. One model is a 10-inch skillet that sells for $36. Kitchen HelpersKitchen Helpers projects sales of 550 10-inch skillets per month. The production costs are $8 per skillet for direct materials, $3 per skillet for direct labor, and $5 per skillet for manufacturing overhead. Kitchen Helpers has 45 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 $1,800 per month. Kitchen HelpersKitchen Helpers has budgeted cost of goods sold of $8,800 for July. Compute the budgeted gross profit for July.