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Walnut Company has forecast sales for the next three months as follows: July 4 , 7 0 0 units, August 6 , 9 0 0

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Walnut Company has forecast sales for the next three months as follows: July 4,700 units, August 6,900 units, and September 8,000 units. Walnut's ending finished goods inventory policy is 50% of the next month's sales. July 1 inventory is projected to be 2,100 units. Selling and administrative costs are budgeted to be $16,000 per month plus $14 per unit sold. What are the budgeted selling and administrative expenses for July?
Multiple Choice
$81,800
$77,300
$143,500
$84,700
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