Walnut Company has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, and September 7,500 units. Walnut's ending finished goods inventory policy is 40% of the next month's sales. July 1 inventory is projected to be 1,500 units. Selling and administrative costs are budgeted to be $15,000 per month plus $5 per unit sold. What are the budgeted selling and administrative expenses for July? Multiple Choice $30,500 $39,500 $24,500 $35,000