Tierney Construction, Incorporated 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, 2021 18,500

Work in process inventory, December 31, 2021 14,500

Selling and Administrative Expenses 16,000

Net Income 30,000

Factory overhead 20,000

Direct materials inventory, January 1, 2021 26,000

Direct materials inventory, December 31, 2021 14,000

Cost of goods manufactured 98,000

Finished goods inventory, January 1, 2021 31,000

Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The Chief Financial Officer of Tierney Construction, Incorporated 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?