Conrad, Inc Direct Labor Cost Incurred During the Period Amounted to 1

question 19

Multiple Choice

Conrad, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. $\begin{array}{lr}\text { Cost of Goods Sold } & \$ 65,000 \\\text { Work-in-Process Inventory, Beginning } & 10,500 \\\text { Work-in-Process Inventory, Ending } & 9,000 \\\text { Selling and Administrative Expense } & 15,000 \\\text { Finished Goods Inventory, Ending } & 15,000 \\\text { Finished Goods Inventory, Beginning } & ?\\\text { Direct Materials Used } & ? \\\text { Factory Overhead Applied } & 12,000 \\\text { Operating Income } & 14,000 \\\text { Direct Materials Inventory, Beginning } & 11,000 \\\text { Direct Materials Inventory, Ending } & 6,000 \\\text { Cost of Goods Manufactured } & 60,000\end{array}$ Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The CFO of Conrad, Inc. has asked you to recalculate the following accounts and to report to him by the end of the day.
What is the amount of net sales?

• A)$68,500.
• B)$94,000.
• C)$72,500.
• D)$75,000.

---

Definitions:

Diastereomer

Stereoisomers that are not mirror images of each other, differing in the orientation of substituents around one or more stereocenters.

Diastereomers

Stereoisomers that are not mirror images of each other, differing in the configuration at one or more (but not all) of the chiral centers in molecules.

Chiral

Describes a molecule that is not superimposable on its mirror image, often leading to different reactions or interactions for each form.

Diastereomer

Molecules that are stereoisomers, not mirror images of each other and have more than one chiral center.