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	$	89,000
Work in process inventory, January 1, 2016		22,100
Work in process inventory, December 31, 2016		17,500
Selling and Administrative Expenses		20,800
Net Income		36,000
Factory overhead		21,800
Direct materials inventory, January 1, 2016		28,400
Direct materials inventory, December 31, 2016		15,500
Cost of goods manufactured		108,200
Finished goods inventory, January 1, 2016		36,100

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 purchased?

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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 Work in process inventory, January 1, 2016 Work in process inventory, December 31, 2016 Selling and Administrative Expenses Net Income Factory overhead Direct materials inventory, January 1, 2016 Direct materials inventory, December 31, 2016 Cost of goods manufactured Finished goods inventory, January 1, 2016 $ 89,000 22,100 17,500 20,800 36,000 21,800 28,400 15,500 108,200 36,100 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 purchased? Multiple Choice O $17,400 $21,400. O $30,400. O $14,400