A company makes a single product and uses Process Costing. It provides the following information for the month of May: Costs for May: Physical Flow - May: Units in Process, May 1 200 Materials Conversion Total Units Started 1,500 Beg. WIP, May 1 $510 $1,350 $1,860 Units Transferred Out 1,400 Added in May $4,095 $12,465 $16,560 Units in Process, May 31 300 Total $4,605 $13,815 $18,420 Ending work-in-process inventory is 45% complete with respect to materials and conversion costs, and beginning work-in-process inventory was 20% complete with respect to materials and conversion costs. Required: 1. Calculate the cost that should be assigned to units transferred out 2. Calculate the cost that should be assigned to units in ending work-in-process inventory Make your answers bold. You must show your work to get credit (partial credit is available)