Walnut Company has forecast sales for the next three months as follows: July 4,400 units, August 6,200 units, and September 8,200 units. Wainut's ending finished goods inventory policy is 45% of the next month's sales. July 1 inventory is projected to be 2,300 units. Selling and administrative costs are budgeted to be $23,000 per month plus $7 per unit sold. What are the budgeted selling and administrative expenses for July? Multiple Choice $66.430 $34.230 $53.800