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. $140,500

C. $150,000

D. $145,500

E. None