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

Inventories:

	Beginning		Ending
Raw materials	$	34,000	$	33,500
Work in process	$	19,500	$	24,000
Finished goods	$	35,500	$	50,500

Additional information:

Raw materials purchases	$	69,500
Direct labor cost	$	94,500
Manufacturing overhead cost incurred	$	62,500
Indirect materials included in manufacturing overhead cost incurred	$	9,400
Manufacturing overhead cost applied to Work in Process	$	61,500

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

The direct materials cost for July is: