Suppose Steel Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $32. Steel Handles projects sales of 525 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. Steel Handles has 75 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. Steel Handles has budgeted cost of goods sold of $10,500 for July. Compute the budgeted gross profit for July. A. $3,900 B. $10,620 C. $13,020 OD. $6,300