Acme Company uses a process costing system and has two processing departments. Here are data regarding the work in process inventory of the second processing department for the month of May. May I Transferred in Costs added during May Completed and transferred out May 31 O $25,575 O $27,500 Units 800 4,500 O $27.100 O $23.650 O None of the above 4,200 1,100 Transferred in $10,200 $64,000 Costs Direct materials $4,000 $17,200 Conversion $5,175 The units in ending work in process inventory are 100% complete with respect to direct materials and 75% complete with respect to conversion costs. What is the balance in the work in process inventory account on May 31? $30,000

Acme Compony ute 3 process costing sptem and has two processing departments. Here are data regerding the work in prockss imventory of the second processing department for the month of May. The units in ending work in process inventory are 100% complete with respect to direct materials and 75% complete with respect to conversion costs. What is the balance in the work in process invertory account on May3i? 525,575 527,500 $27.100 523.650 None of the above