Michelle Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 37,000 $ 35,000 Work in process $ 21,000 $ 27,000 Finished goods $ 37,000 $ 52,000 Additional information: Raw materials purchases $ 71,000 Direct labor cost $ 96,000 Manufacturing overhead cost incurred $ 64,000 Indirect materials included in manufacturing overhead cost incurred $ 10,000 Manufacturing overhead cost applied to Work in Process $ 63,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The direct materials cost for July is: rev: 02_18_2019_QC_CS-159285 Multiple Choice $63,000 $69,000 $73,000 $71,000