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What was the amount of direct materials used during the year

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Reference no: EM132614775

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

Problem 1: If the cost of goods manufactured for the year was $565,000, what was the amount of direct materials used during the year?

Option A. $155,500

Option B. $140,500

Option C. $150,000

Option D. $145,500

Option E. None

Reference no: EM132614775

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