Peyton Manufacturing has the following data: Work-in-process inventory, January 1, 20x8 $ 64,000 Work-in-process inventory,...
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Accounting
Peyton Manufacturing has the following data:
Work-in-process inventory, January 1, 20x8 $ 64,000
Work-in-process inventory, December 31, 20x8 69,500
Conversion costs during the year 436,000
If the cost of goods manufactured for the year was $578,000, what was the amount of direct materials used during the year?
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