Answer the following questions (7 to 9) using the information below: In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. Overhead totalled $35,000 for the month. Information on inventories was as follows: July 1 July 31 Materials $6,200 $7,100 Work in process $ 700 $2,000 Finished goods $3,300 $2,700 Q7: What were the total manufacturing costs in July? A. $73,100 B. $52,000 C. $70,600 D. None of the above is correct I Q8: What was the cost of goods manufactured for July? A. $72,500 B. $75,700 C. $71,800 D. None of the above is correct 29: What was the cost of goods sold for July? A. $69,600 B. $71,300 C. $72,400 D. None of the above is correct