Warshaw Company budgets payroll at? $4,000 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of? $10,400 with budgeted sales of? $160,000. Sales for July are budgeted at? $110,000 while purchases of inventory for July are budgeted at? $60,000. Depreciation and insurance for July are estimated at? $1,200 and? $700, respectively. Office and administrative expenses related to purchasing inventory are budgeted at? 15% of purchases for the month. The purchase of? $2,000 in equipment and? $1,700 in furniture is expected in July.

The total operating expenses budgeted for July are

A.

?$19,300

B.

?$17,400

C.

?$8,400

D.

?$12,300