Current Attempt in Progress

The ledger of American Company has the following work in process account. 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	5,890
5/31	Labor	5,252
5/31	Overhead	1,680
5/31	Balance	?

Production records show that there were 400units in the beginning inventory, 30% complete, 1,700units started, and 1,500units transferred out. The beginning work in process had materials cost of $ 3,140and conversion costs of $ 550. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

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

(b) What is the unit materials cost for May?

(c) What is the unit conversion cost for May?

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

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

What is the unit materials cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.) The unit materials cost for May 4.3 eTextbook and Media X Your answer is incorrect. What is the unit conversion cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.) The unit conversion cost for May 5.8