Suppose iron handles manufactures cast iron skillets. one model is a 10-inch skillet that sells for $ 30. iron handles projects sales of 625 10-inch skillets per month. the production costs are $ 8 per skillet for direct materials, $ 2 per skillet for direct labor, and $ 5 per skillet for manufacturing overhead. iron handles has 45 10-inch skillets in inventory at the beginning of july but wants to have an ending inventory equal to 30% of the next month's sales. selling and administrative expenses for this product line are $ 1 comma 400 per month. iron handles is budgeted to produce 768 skillets in july. compute the total amount budgeted for product costs for july.