Suppose Steel Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $24. Steel Handles projects sales of 525 10-inch skillets per month. The production costs are $ 10 per skillet for direct materials, $ 2 per skillet for direct labor, and $ 4 per skillet for manufacturing overhead. Steel Handles has 25 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 35% of the next month's sales. Selling and administrative expenses for this product line are $ 2,000 per month. Steel Handles is budgeted to produce 684 skillets in July with a $16 production cost per skillet.

Compute the budgeted cost of goods sold for July.

A. $ 10,944 B. $ 8,808 C. $ 8,400 D. $ 11,344