Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged fr

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Conrad Incorporated Recently Lost A Portion Of Its Records In An Office Fire The Following Information Was Salvaged Fr 1 (27.47 KiB) Viewed 96 times

Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records Cost of Goods Sold Work-in-Process Inventory, Beginning Work in Process Inventory, Ending Selling and Administrative Expense Finished Goods Inventory, Ending Finished Goods Inventory, Beginning Direct Materials Used Factory Overhead Applied Operating Income Direct Materials Inventory, Beginning Direct Materials Inventory, Ending Cost of Goods Manufactured $ 78,500 12,700 10,100 17,750 18,825 ? ? 13,100 14,685 11,495 6,385 65,170 Direct labor cost incurred during the period amounted to 15 times the factory overhead. The Chief Financial Officer of Conrad, Incorporated has asked you to recalculate the following accounts and to report to him by the end of the day What is the amount of direct materials purchased?