Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 205 million barrels of oil in May and shipped 185 million barrels in the pipeline. The costs of the resources used by Graham in May consist of the following:

Materials	$	2,343	million
Conversion costs (labor and overhead)	$	3,370	million

Required:

The production supervisor estimates that the ending work in process is 60 percent 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

Cost of oil shipped in the pipeline		million
Work-in-process ending inventory		million