The financial records for the Lee Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.

What is the amount of the materials purchased?
A) $14,400
B) $16,400
C) $18,000
D) $19,600
E) Some other answer _______________

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Direct Materials Inventory Cost of Goods Sold Beg. Bal 8,000 Transferred Out ? Purchases $57,000 End. Bal. 6,400 Work-in-Process Inventory Finished Goods Inventory Beg. Bal. 7,500 Materials 18,000 Labor 13,500 Overhead 8,000 End. Bal. Beg. Bal. ? Transferred Out ? Transferred in 39,500 End. Bal. 4,200