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?