Reference no: EM133068703
Question - 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 $ 70,500
Work-in-Process Inventory, Beginning 12,700
Work-in-Process Inventory, Ending 10,100
Selling and Administrative Expense 17,750
Finished Goods Inventory, Ending 18,025
Finished Goods Inventory, Beginning ?
Direct Materials Used ?
Factory Overhead Applied 13,100
Operating Income 14,605
Direct Materials Inventory, Beginning 11,495
Direct Materials Inventory, Ending 6,385
Cost of Goods Manufactured 65,170
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.
Required - What is the amount of direct materials purchased?