Peyton Manufacturing has the following data: Work-in-process inventory, January 1, 20x8 $ 56,000 Work-in-process inventory, December 31, 20x8 61,500 Conversion costs during the year 428,000 If the cost of goods manufactured for the year was $590,000, what was the amount of direct materials used during the year?

• $167,500.

• $75,500.

• $162,000.

• $184,500.

• None of the answers is correct.