Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $43,000 $38,000 Work in process $24,000 $33,000 Finished goods $40,000 $55,000 Additional information: Raw materials purchases $74,000 Direct labor cost $99,000 Manufacturing overhead cost incurred $67,000 Indirect materials included in manufacturing overhead cost incurred $11,200 Manufacturing overhead cost applied to Work in Process $66,000 Any underapplied or overapplied m