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

Inventories:

BeginningEndingRaw materials$47,000$40,000Work in process$26,000$37,000Finished goods$42,000$57,000

Additional information:

Raw materials purchases$76,000Direct labor cost$101,000Manufacturing overhead cost incurred$69,000Indirect materials included in manufacturing

overhead cost incurred$12,000Manufacturing overhead cost applied to Work in Process$68,000

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

The direct materials cost for July is: