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 $ 74,000 14,100 10,800 19,500 19,950 2 ? 13,800 14,990 11,810 6,630 68,460 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 used? Multiple Choice $25,660 $33,160 DITOOL entory. Beginning Direct Materials Inventory, Ending Cost of Goods Manufactured 11,810 6,630 68,460 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 used? Multiple Choice $25,660 $33,160 O $30,660 $38,160. Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer data. 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 Purchased Factory Overhead Applied Operating Income Direct Materials Inventory, Beginning Direct Materials Inventory, Ending Cost of Goods Manufactured Direct Labor $393,000 33,250 43,900 55,850 16,950 2 185,300 172,450 29, 150 21,900 6,650 386,150 23,800 The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end. What should be the amount of direct materials used? Multiple Choice $207,200 $172,450. Direct Materials Inventory. Beg Direct Materials Inventory, Ending Cost of Goods Manufactured Direct Labor 6,650 386,150 23, 800 The CFO of Stephenson Company has asked you to recalculate the following account and report to him by week's end. What should be the amount of direct materials used? Multiple Choice $207,200 $172.450. $200,550 $224150
