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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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