Chavez Corporation reported the following data for the month of July:

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The direct materials cost for July is:

Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $ 46,000 $39,500 s 25,500 $36,000 $ 41,500 $56, 500 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing $ 75,500 $100,500 $ 68,500 overhead cost incurred $ 11,800 Manufacturing overhead cost applied to Work in Process 67,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: Multiple Choice $70,200 $69,000 $82,000 $75,500 Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $ 46,000 $39,500 s 25,500 $36,000 $ 41,500 $56, 500 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing $ 75,500 $100,500 $ 68,500 overhead cost incurred $ 11,800 Manufacturing overhead cost applied to Work in Process 67,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: Multiple Choice $70,200 $69,000 $82,000 $75,500