Transferred-in costs are treated as if they are: conversion…

Transferred-in costs are treated as if they are: conversion costs added at the beginning of the process costs of beginning inventory added at the beginning of the process direct labor costs added at the beginning of the process a separate direct material added at the beginning of the process

Hudson Dock Company manufactures boat docks on an assembly l…

Hudson 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 (so they are using WA only WA costs are evenly allocated).            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                                           $4,000 per unit                            Conversion costs                                       $16,000 per unit                     Work in process, beginning inventory:                            Direct materials                                                    $140,000                            Conversion costs                                                   $260,000   What is the balance in ending work-in-process inventory? $82,000 $120,000 $155,000 $170,000