At the beginning of 2012, Conway Manufacturing Company had the following account balances; WIP Inventory FG Inventory Manufacturing OH 2.000 8,000 During the year, the following transactions took place Direct materials placed in production: $80.000 Direct labor incurred: $190.000 Manufacturing overhead incurred $300.000 Manufacturing overhead allocated to production; $295,000 Cost of Jobs Completed $500,000 Selling Price of Jobs Sold Cost of Jobs Sold $750,000 $440.000 As a result of these transactions, how much gross profit will Conway report? Select one: a. $305,000 b. $310,000 c. $515,000 d. $345,000