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Walnut Company has forecast sales for the next three months as follows: July 4 , 3 0 0 units, August 6 , 2 0 0

Walnut Company has forecast sales for the next three months as follows: July 4,300 units, August 6,200 units, and September 7,700 units. Walnut's ending finished goods inventory policy is 45% of the next month's sales. July 1 inventory is projected to be 2,400 units. Selling and administrative costs are budgeted to be $16,000 per month plus $7 per unit sold. What are the budgeted selling and administrative expenses for July?

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