Chavez Corporation reported the following data for the month of July: 14 Inventories: Raw materials Work in process Finished goods Beginning Ending $32,000 $32,500 $18,500 $22,000 $34,500 $49,500 00:50:50 eBook Additional information: Raw materials purchases $68,500 Direct labor cost $93,500 Manufacturing overhead cost incurred $61,500 Indirect materials included in manufacturing overhead cost incurred $9,000 Manufacturing overhead cost applied to work in Process $60,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: Multiple Choice $225,000 $224,000 $213,000 $209,500