use Chavez Corporation reported the following data for the month of July: Inventories: Fin Raw materials Work in process Finished goods Beginning Ending $44,000 $38,500 $24,500 $ 34,000 $40,500 $55,500 Additional information: $74,500 $99,500 $ 67,500 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 $ 11,400 $66,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is