Suppose Kitchen Professional manufactures cast iron skillets. One model is a 10-inch skillet that sells for $30. Kitchen Professional projects sales of 725 10-inch skillets per month. The production costs are $12 per skillet for direct materials. $2 per skillet for direct labor, and $6 per skillet for manufacturing overhead. Kitchen Professional 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, 900 per month. Kitchen Professional is budgeted to produce 955 skillets in July with a $20 production cost per skillet. Compute the budgeted cost of goods sold for July. $15, 050 $19, 100 $20, 300 $14, 500