Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Data for the Assembly Department for May 20X5 are: Work in process, beginning inventory: 70 units Direct materials (100% complete) Conversion costs (25% complete) Units started during May 40 units Work in process, ending inventory: 10 units Direct materials (100% complete) Conversion costs (50% complete) Costs for May: Standard costs for Assembly: Direct materials $8,000 per unit Conversion costs $32,000 per unit Work in process beginning inventory Direct materials S290.000 consersion costs $50.000 Direct materials (100% complete) Conversion costs (25% complete) Units started during May 40 units Work in process, ending inventory: 10 units Direct materials (100% complete) Conversion costs (50% complete) Costs for May: Standard costs for Assembly: Direct materials $8,000 per unit Conversion costs $32,000 per unit Work in process, beginning inventory: Direct materials $280,000 Conversion costs 5520.000 What is the balance in ending work-in-process inventory? $310.000 $164,000 $240.000 $340,000