This Question: 1 pt 16 of 50 (9 complete) his Test: 50 pts pos... Question Help Suppose Steel City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $30. Steel City projects sales of 750 10-inch skillets per month. The production costs are $12 per skillet for direct materials, $4 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Steel City has 65 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,400 per month. Steel City is budgeted to produce 873 skillets in July with a $19 production cost per skillet. Compute the budgeted cost of goods sold for July. O A. $14,250 B. $17,822 OC. $16,587 OD. $16,048 This Question: 1 pt 17 of 50 (9 complete) his Te Qu Gonzalez Company reports the following costs for the year: Direct Materials Used $ 150,000 Direct Labor Incurred 170,000 Manufacturing Overhead Incurred 145,000 Selling and Administrative Expenses 225,000 How much are Gonzalez's period costs? O A. $370,000 B. $320,000 OC. $465,000 OD. $225,000