Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $30,000 $31,500 $17,500 $20,000 $33,500 $48,500 Additional information: Raw materials purchases $67,500 Direct labor cost $92,500 Manufacturing overhead cost incurred $60,500 Indirect materials included in manufacturing overhead cost incurred $8,600 Manufacturing overhead cost applied to Work in Process $59,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is