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	$ 68,500
Work-in-Process Inventory, Beginning	11,900
Work-in-Process Inventory, Ending	9,700
Selling and Administrative Expense	16,750
Finished Goods Inventory, Ending	16,925
Finished Goods Inventory, Beginning	?
Direct Materials Used	?
Factory Overhead Applied	12,700
Operating Income	14,385
Direct Materials Inventory, Beginning	11,315
Direct Materials Inventory, Ending	6,245
Cost of Goods Manufactured	63,290

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 direct materials used?

Group of answer choices

$24,340.

$29,340.

$31,840.

$36,840.

$40,670.