a) How many units are in process at May 31?

Units in process at May 31:

b) What is the unit materials cost for May?

(Round unit costs to 2 decimal places, e.g. 15.25.)

Unit materials cost $:

c) What is the unit conversion cost for May?

(Round unit costs to 2 decimal places, e.g. 15.25.)

Unit conversion cost $:

d) What is the total cost of units transferred out in May?

Total cost of units transferred out:

e) What is the cost of the May 31 inventory?

Cost of the May 31 inventory $:

The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,690 5/31 Transferred out ? 5/31 Materials 6,900 5/31 Labor 4,098 5/31 Overhead 2,280 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started, and 1,600 units transferred out. The beginning work in process had materials cost of $2,340 and conversion costs of $1,350. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process