Walnut has forecast sales for the next three months as follows: July 4,600 units, August 6,100 units, September 7,700 units. Walnut's policy is to have an ending inventory of 45% of the next month's sales needs on hand. July 1 inventory is projected to be 1,900 units. Selling and administrative costs are budgeted to be $21,000 per month plus $12 per unit sold. What are budgeted selling and administrative expenses for July? Multiple Choice $71,700 $65.340 $110.940 $76.200