Chavez Corporation reported the following data for the month of July Inventories: "Raw materials Work in process Finished goods Beginning Ending $ 35,000 $34,000 $ 20,000 $25,000 $ 36,000 $51,000 Additional information: $70,000 $ 95,000 $63,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $ 9,600 $62,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: Multiple Choice o $70,000 o $61,400 o $69,000 C $71,000