Epic, Inc, recently lost a portion of its records. The following information was available from the accounting records. Cost of Goods Sold $65,000 Work-in-Process Inventory, Beginning 10,500 Work-in-Process Inventory, Ending 6,000 Selling and Administrative Expense 6,000 Finished Goods Inventory, Ending 15,000 Finished Goods Inventory, Beginning Direct Materials Used Factory Overhead Applied ? ? Operating Income 12,000 4,000 Direct Materials Inventory, Beginning 11,000 Direct Materials Inventory, Ending 16,000 Cost of Goods Manufactured 58,000 Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. What is the amount of direct materials purchased? $23.500 $28.500 $31,000 $36.000