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Current Attempt in Progress The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3.890 5/31 Transferred out
Current Attempt in Progress The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3.890 5/31 Transferred out ? 5/31 Materials 5,840 5/31 Labor 3,322 5/31 Overhead 1.780 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1,800 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $ 2,440 and conversion costs of $ 1,450. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. X Your answer is incorrect. How many units are in process at May 31? Work in process, May 31 750 units e Textbook and Media Question Part Score 0/0.5 x Your answer is incorrect. 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 $ 3.616 e Textbook and Media Question Part Score 0/0.5 X Your answer is incorrect. What is the unit conversion cost for May? (Round unit cost to 2 decimal places, 2.25.) The unit conversion cost for May $ 3.185 e Textbook and Media Question Part Score 0/0.5 Question Part Score 0/0.5 * Your answer is incorrect. What is the total cost of units transferred out in May? The total cost of units transferred out in May $ 10754 e Textbook and Media Question Part Score 0/0.5 * Your answer is incorrect. What is the cost of the May 31 inventory? Work in process $ 3668 e Textbook and Media Question Part Score 0/0.5
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