Suppose lKitchen Professional manufactures cast iron skillets. One model is a 10-inch skillet that sells for $22. Kitchen ProfessionalKitchen Professional projects sales of 750 10-inch skillets per month. The production costs are $5 per skillet for direct materials, $4 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Kitchen Professional Kitchen Professional has 65 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 30% of the next month's sales. Selling and administrative expenses for this product line are $1,900 per month. Kitchen Professional has budgeted cost of goods sold of $9,000 for July. Compute the budgeted gross profit for July.

A)11,020

B)6,070

C)7,500

D)12,450