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 direct materials used during the year were $135,000, what was cost of goods manufactured?
A. $544,500.
B. $140,500.
C. $539,000.
D. $409,500.
E. None of the answers is correct.
Answer: A
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