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 $25,500 $36,000 $ 41,500 $56,500 Additional information: Raw materials purchases $ 75,500 Direct labor cost $100,500 Manufacturing overhead cost incurred $68,500 Indirect materials included in manufacturing 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 cost of goods manufactured for July is: The cost of goods manufactured for July is: Multiple Choice $238,200 O $227,700 $250,200 $249,200