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QUESTION 8 10 p Oceanwood Manufacturing recorded the following information for the month of May pertaining to its use of materials in Work in Process : Beginning inventory. .. 10, 000 units, 100% complete Value of beginning inventory . ... $152, 000 Materials added. ..... . . $847, 000 Completed units transferred out. 70, 000 Ending inventory . ... .. . . 5,000 units, 100% complete What is the FIFO value of materials in ending Work in Process Inventory for the month, of May? (Round to the nearest $1.00.)