Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $42,000 $37,500 Work in process $23,500 $32,000 Finished goods $39,500 $54,500 Additional information: Raw materials purchases $73,500 Direct labor cost $98,500 Manufacturing overhead cost incurred $66,500 Indirect materials included in manufacturing overhead cost incurred $11,000 Manufacturing overhead cost applied to Work in Process $65,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: