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Walnut has forecast sales for the next three months as follows: July 4,000 units, August 6,800 units, September 8,400 units. Walnut's policy is to have

Walnut has forecast sales for the next three months as follows: July 4,000 units, August 6,800 units, September 8,400 units. Walnut's policy is to have an ending inventory of 50% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Selling and administrative costs are budgeted to be $18,000 per month plus $8 per unit sold. What are budgeted selling and administrative expenses for July?

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