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Conrad, Incorporated recently lost a portion of its records in an office fire. The following...

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Accounting

Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records.
Cost of Goods Sold $ 73,000
Work-in-Process Inventory, Beginning 13,700
Work-in-Process Inventory, Ending 10,600
Selling and Administrative Expense 19,000
Finished Goods Inventory, Ending 19,400
Finished Goods Inventory, Beginning ?
Direct Materials Used ?
Factory Overhead Applied 13,600
Operating Income 14,880
Direct Materials Inventory, Beginning 11,720
Direct Materials Inventory, Ending 6,560
Cost of Goods Manufactured 67,520
Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The Chief Financial Officer of Conrad, Incorporated has asked you to recalculate the following accounts and to report to him by the end of the day.
What is the amount of direct materials purchased?
Multiple Choice
$25,260.
$30,420.
$32,760.
$37,760.
$23,440.

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