Exercise 3-3 (Video) 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 5/31 Overhead 1.780 5/31 Balance 3,322 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 Your answer is correct. How many units are in process at May 31? Work in process, May 31 000 units LINK TO TEXT LINK TO TEXT VIDEO SIMILAR EXERCISE LINK TO TEXT x Your answer is incorrect. Try again What is the unit materials cost for May? (Round unit cost to 2 decimal places, eg. 2.25.) The unit materials cost for May Your answer is correct. What is the unit conversion cost for May (Round unit cost to 2 decimal places... 2.25.) The unit conversion cost for May x Your answer is incorrect. Try again. What is the unit materials cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.) 3-8 3-9 Video Video) Video) Video) Video) Video Video) The unit materials cost for May your answer is correct. by Study What is the unit conversion cost for May? (Round unit cost to 2 decimal places, e.g. 2.25.) The unit conversion cost for May LINK TO TEXT LINK TO TEXT LINK TO TEX VIDEO SIMILAR EXERCISE Your answer is incorrect. Try again. What is the total cost of units transferred out in The total cost of units transferred out in May E: Your a wer is incorrect Try again What is the cost of the May 11 eventory? World Click if you would like to show Work for this