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Peyton Manufacturing has the following data: Work-in-process inventory, January 1, 20x8$43,000Work-in-process inventory, December 31, 20x848,500Conversion costs during the year415,000 If direct materials used during the

Peyton Manufacturing has the following data:

Work-in-process inventory, January 1, 20x8$43,000Work-in-process inventory, December 31, 20x848,500Conversion costs during the year415,000

If direct materials used during the year were $135,000, what was cost of goods manufactured?

Multiple Choice

  • $140,500.
  • $539,000.
  • $409,500.
  • $544,500.
  • None of the answers is correct.

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