[The following information applies to the questions displayed below.]

Work-in-process inventory, January 1, 2011	$ 62,000
Work-in-process inventory, December 31, 2011	$ 67,500
Conversion costs during the year	$ 434,000

If direct materials used during the year were $154,000, what was cost of goods manufactured?

None of these.

$577,000.

$159,500.

$582,500.

$428,500.

If the cost of goods manufactured for the year was $576,000, what was the amount of direct materials used during the year?

$147,500.

$142,000.

$202,500.

None of these.

$45,500.