Finished goods inventory, January 1, 2018 Cost of goods manufactured Direct mater ials inventory, December 31, 2018 Direct mater ials inventory, January 1, 2018 Factory overhead Net Income Selling and Administrative Expense Work-in-Process Inventory, December 31, 2018 Work-in-Process Inventory, January 1, 2018 Cost of Goods Sold $33 300 $106,300 $14,400 $28,200 $20,400 - S32.200 17,000 $15,700 $19,600 $85,600 $20,000 $40,000 60,000 $80,000 $%100,000 $120,000 Direct labor cost incurred during the period amounted to 2.8 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to What should be the amount of direct materials purchased? $24,880 $139,600 $102,400 $11,080