Suppose Steel Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $25. Steel Handles projects sales of 650 10-inch skillets per month. The production costs are $11 per skillet for direct materials, $2 per skillet for direct labor, and $16 per skillet for manufacturing overhead. Steel Handles has 60 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 $ 2,000 per month.k Steel Handles is budgeted to produce 785 skillets in July with a $19 production cost per skillet.

Compute the budgeted cost of goods sold for July. Please show work.