Peyton Manufacturing has the following data: Work-in-process inventory, January 1, 20x8$43,000 Work-in-process inventory, December 31, 20x8 48,500 Conversion costs during the year 415,000 If the cost of goods manufactured for the year was $565,000, what was the amount of direct materials used during the year?
A. $155,500.
B. $150,000.
C. $145,500.
D. $140,500.
E. None of the answers is correct.
Answer: A
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