Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Cost of goods sold $ 80,000 Work in process inventory, January 1, 2016 18,500 Work in process inventory, December 31, 2016 14,500 Selling and Administrative Expenses 16,000 Net Income 30,000 Factory overhead 20,000 Direct materials inventory, January 1, 2016 26,000 Direct materials inventory, December 31, 2016 14,000 Cost of goods manufactured 98,000 Finished goods inventory, January 1, 2016 31,000 Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of direct materials used