Suppose Steel Handles manufactures cast iron skillets. One model is a 10-inch skillet that sells for $24 Steel Handles project sales of 725 10 inch skies per month The production costs are 58 per skillet for direct materials 33 per sklet for direct labor and 51 per sket for manufacturing overhead Stel Hands has 70 10 inch e s 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 $1.200 per month Steel Handles is budgeted to produce 945 skiets in July Compute the total amount budgeted for product costs for JulyW OA. 58700 OB. 512,180 OC: 511,935 OD. 511,340