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What is the amount of direct materials purchased

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Reference no: EM133068186

Question - Conrad, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records.

Cost of Goods Sold $65,000

Work-in-Process Inventory, Beginning 10,500

Work-in-Process Inventory, Ending 9,000

Selling and Administrative Expense 15,000

Finished Goods Inventory, Ending 15,000

Finished Goods Inventory, Beginning ?

Direct Materials Used ?

Factory Overhead Applied 12,000

Operating Income 14,000

Direct Materials Inventory, Beginning 11,000

Direct Materials Inventory, Ending 6,000

Cost of Goods Manufactured 60,000

Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The CFO of Conrad, Inc. has asked you to recalculate the following accounts and to report to him by the end of the day.

Required - What is the amount of direct materials purchased?

Reference no: EM133068186

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