Peyton Manufacturing has the following data:

Work-in-process inventory, January 1, 20x8	$	57,000
Work-in-process inventory, December 31, 20x8		62,500
Conversion costs during the year		429,000

If direct materials used during the year were $149,000, what was cost of goods manufactured?

Multiple Choice:

$572,500.

$154,500.

$567,000.

$423,500.

None of the answers is correct.