4. Walnut has forecast sales for the next three months as follows: July 4,800 units,...
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4. Walnut has forecast sales for the next three months as follows: July 4,800 units, August 6,300 units, September 7,800 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,600 units. Selling and administrative costs are budgeted to be $24,000 per month plus $14 per unit sold. What are budgeted selling and administrative expenses for July?
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