Graham Petrolem produces oil. On May 1, it had no work in progress inventory. It started production of 202 million barrels of oil in May and shipped 187 million barrels in the pipeline. The costs of the resources used by Graham in May cosist of the following:

Materials $3028 million

Conversion costs $3340 million

The production supervisor estimates that the ending work in process is 80% complete on May 31. Compute the cost of oil shipped in the pipeline and the amount in work in process ending inventory as of May 31. Dont round intermediate calculations.

Cost of oil shipped in the pipeline -

Work in process ending inventory -

Graham Petroleum produces oil On May 1, it had no work-in-process inventory It started production of 202 million barrets of ol in May and shipped 187 million barrets in the pipeline. The costs of the resources used by Graham in May consist of the following Materials Conversion costs (labor and overhead) S 3.028 milion 3,340 million Required: The production supervisor estimates that the ending work in process is 80 percent complete on May 31. Compute the cost of oil shipped in the pipeline and the amount in work-in process inventory as of May 31. (Do not round intermediate ealeulations. Enter your answers in millions. For example, enter "" instead of "1,000,000 Cost of oil shipped in the pipeline Work-in-process ending inventory