Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $35,000 $34,000 $20,000 $25,000 $36,000 $51,000 Additional information: $70,000 $95,000 $63,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $9,600 $62,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: 000'69$ O $71,000 O O 007*19$ (0) 0 000OZ$ Multiple Choice