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 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 $ 68,000 11,700 9,600 16,500 16,650 ? ? 12,600 14,330 11,270 6,210 62,820 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? Multiple Choice $24,220. $29,220. $31,720. $36,720. $40,360.