Reference no: EM133162149
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 $73,500
Work-in-Process Inventory, Beginning 13,900
Work-in-Process Inventory, Ending 10,700
Selling and Administrative Expense 19,250
Finished Goods Inventory, Ending 19,675
Finished Goods Inventory, Beginning ?
Direct Materials Used ?
Factory Overhead Applied 13,700
Operating Income 14,935
Direct Materials Inventory, Beginning 11,765
Direct Materials Inventory, Ending 6,595
Cost of Goods Manufactured 67,990
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 net sales?
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