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Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work...

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Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $43,000 $38,000 $24,000 $33,000 $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 manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: Multiple Choice $74,000 $69,000 $67,800 $79,000

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