THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 3.

Test Company reported the following information for July.

Sales	$250,000
Purchases of raw materials	45,000
Direct labor	35,000
Overhead	60,000
Selling expenses	40,000
Administrative expenses	70,000
Cost of goods manufactured	135,000
Raw materials inventory, July 1	15,000
Raw materials inventory, July 31	10,000
Work-in-process inventory, July 1	80,000
Finished goods inventory, July 1	110,000
Finished goods inventory, July 31	125,000

Determine the cost of direct materials used in July 31.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Example: $12,345