Exercise 17-3 The ledger of American Company has the following work in process account. Work in Process-Painting out ? 5/1 Balance 5/31 Materials 5,870 5/31 Labor 5/31 Overhead 2,480 5/31 Balance 3,890 5/31 Transferred out? 3,430 Production records show that there were 600 units in the beginning inventory, 30 compete, 1 780 un s started, and 4 units transferred 0 T e eginning workin process had materials cost of $2,740 and conversion costs of $1,150. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. How many units are in process at May 31? Work in process, May 31 units LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the unit materials cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.) The unit materials cost for May LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the unit conversion cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.) The unit conversion cost for May LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the total cost of units transferred out in May? (Round answer to O decimal places, e.g. 1,225.) The total cost of units transferred out in Mays LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the cost of the May 31 inventory? (Round answer to O decimal places, e.g. 1,225.) Work in process