Exercise 16-3 The ledger of American Company has the following work in process account.

Work in ProcessPainting

5/1 Balance 3,890 5/31 Transferred out ?

5/31 Materials 6,940

5/31 Labor 3,530

5/31 Overhead 1,880

5/31 Balance ?

Production records show that there were 580 units in the beginning inventory, 30% complete, 1,780 units started, and 1,570 units transferred out. The beginning work in process had materials cost of $2,640 and conversion costs of $1,250. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

What is the unit conversion cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.)

What is the total cost of units transferred out in May? (Round answer to 0 decimal places, e.g. 1,225.)

What is the cost of the May 31 inventory? (Round answer to 0 decimal places, e.g. 1,225.)

Thank you !