The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.

Direct Materials InventoryBeg. Bal.8,000?Transferred OutPurchases? End. Bal.6,400 Cost of Goods Sold 57,000 Work-in-Process InventoryBeg. Bal.7,500?Transferred OutMaterials18,000 Labor13,500 Overhead8,000 End. Bal.? Finished Goods InventoryBeg. Bal.??Transferred Out Transferred in39,500 End. Bal.4,200 What is the amount of the materials purchased?

$18,000.

$19,600.

$14,400.

$16,400.