Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records.

Direct labor cost incurred during the period amounted to $1\mathrm{.}5$ 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 purchased?

Multiple Choice

$$23,940.$

$$28,980.$

$$31,440.$

$$36,440.$

$$22,360.$