Question 16 7 pts In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $72,000. Overhead totaled $32,700 for the month. Information on inventories was as follows: July 1 $5,400 July 31 $5,200 Materials $ 700 Work in process Finished goods $1,200 $2,700 $3,100 What was the cost of goods manufactured for July? Note. Enter numbers only-- do not use a dollar sign ($) or comma