Answer:
cost of goods manufactured= $68,400
Explanation:
Giving the following information: 
Cost of materials placed in production $30,000
Direct labor 25,000 
Factory overhead 14,000 
Work in process inventory, July 1 2,900 
Work in process inventory, July 31 3,500 
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500
cost of goods manufactured= $68,400