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

Inventories:

BeginningEndingRaw materials$27,000$30,000Work in process$16,000$17,000Finished goods$32,000$47,000

Additional information:

Raw materials purchases$66,000Direct labor cost$91,000Manufacturing overhead cost incurred$59,000Indirect materials included in manufacturing

overhead cost incurred$8,000Manufacturing overhead cost applied to Work in Process$58,000

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

The direct materials cost for July is:

Multiple Choice

• $55,000
• $69,000
• $63,000
• $66,000