Cranford Company completed and transferred out 4,300 units in May 2016. There were 300 units in the Work-in-Process Inventory on May 31, 2016 40% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $26,520 and $20,700, respectively. There was no beginning inventory on May 1, 2016. What is the cost of the work transferred-out during May? $22.630. $30700. $45,150 $47,220