Exercise 21-3 The ledger of American Company has the following work in process account. Work in ProcessPainting 5/1 Balance 3,590 5/31 Transferred out ? 5/31 Materials 5,160 5/31 Labor 2,530 5/31 Overhead 1,380 5/31 Balance ? Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and 1,700 units transferred out. The beginning work in process had materials cost of $2,040 and conversion costs of $1,550. 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 0 decimal places, e.g. 1,225.) The total cost of units transferred out in May $ LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the cost of the May 31 inventory? (Round answer to 0 decimal places, e.g. 1,225.) Work in process $