Chavez Corporation reported the following data for the month of July 17 Inventories: 00:58:46 Raw materials Work in process Finished goods Beginning Ending $35,000 $34,000 $20,000 $25,000 $36,000 $51,000 Additional information: eBook Raw materials purchases $70,000 Direct labor cost $95,000 Manufacturing overhead cost incurred $63,000 Indirect materials included in manufacturing overhead cost incurred $9,600 Manufacturing overhead cost applied to work in Process $62,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: Multiple Choice $69.000 $71,000 $61,400 $70,000