Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $32,000 $32,500 Work in process $18,500 $22,000 Finished goods $34,500 $49,500 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 $60,500 Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: