Conrad, Incorporated recently lost a portion of its records in an office fire. The following...
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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$ WorkinProcess Inventory, BeginningWorkinProcess Inventory, EndingSelling and Administrative ExpenseFinished Goods Inventory, EndingFinished Goods Inventory, Beginning?Direct Materials Used?Factory Overhead AppliedOperating IncomeDirect Materials Inventory, BeginningDirect Materials Inventory, EndingCost of Goods Manufactured Direct labor cost incurred during the period amounted to 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?
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