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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 $69,000 Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending 12,100 9,800 Selling and Administrative Expense 17,000 Finished Goods Inventory, Ending 17,200 Finished Goods Inventory, Beginning ? Direct Materials Used ? Factory Overhead Applied 12,800 Operating Income 14,440 Direct Materials Inventory, Beginning 11,360 Direct Materials Inventory, Ending 6,280 Cost of Goods Manufactured 63,760 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 $24,380. $29,460. $31,880. $36,880.