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 Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Selling and Administrative Expense Finished Goods Inventory, Ending Finished Goods Inventory, Beginning Direct Materials Used Factory Overhead Applied Operating Income Direct Materials Inventory, Beginning Direct Materials Inventory, Ending Cost of Goods Manufactured $65,000 10,500 9,000 15,000 15,000 12,800 14,80e 11,80e 6,800 66,88e 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. What is the amount of direct materials purchased? Multiple Choice $36,000 S31,000 S28.500. $23.500