Current Attempt in Progress The ledger of Magdy Company has the following work in process inventory account: Work in Process Inventory-Painting 5/1 Balance $3,570 5/31 5/31 Direct materials 6,460 5/31 Factory labour 2,400 5/31 Manufacturing overhead 1,626 5/31 Balance $? Completed and transferred out $? Production records show that there were 400 units in the beginning inventory, 30% complete, 1,200 units started into production, and 1,200 units completed and transferred out. The beginning work in process inventory had materials costs of $2,020 and conversion costs of $1,550. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process. (d) * Your answer is incorrect. What is the total cost of units completed and transferred out in May? .(e). Total cost of units transferred out $ eTextbook and Media Save for Later What is the cost of the May 31 work in process inventory? The cost of work in process inventory $ eTextbook and Media Save for Later 12000 Attempts: unlimited Submit Answer Attempts: unlimited Submit