Question: Work-in-process inventory, January 1, 2011 $ 57,000 Work-in-process inventory, December 31, 2011 $ 62,500 Conversion costs during the year $ 429,000 If the cost of

Work-in-process inventory, January 1, 2011 $ 57,000 Work-in-process inventory, December 31, 2011 $ 62,500 Conversion costs during the year $ 429,000

If the cost of goods manufactured for the year was $578,000, what was the amount of direct materials used during the year?

Multiple Choice

None of these. $70,500. $154,500. $187,500. $149,000.

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