Here is the question: Exercise 16-3 The ledger of Custer Company has the following work in process account. Work in ProcessPainting 5/1 Balance 4,410 5/31 5/31 Materials 6,580 5/31 Labor 4,230 5/31 Overhead 1,720 5/31 Balance Transferred out ? ? Production records show that there were 540 units in the beginning inventory, 30% complete, 1,460 units started, and 1,410 units transferred out. The beginning work in process had materials cost of $2,750 and conversion costs of $1,660. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. (a) How many units are in process at May 31? Work in process, May 31 ??? units (b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.) The unit materials cost for May $ ??? (c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.) The unit conversion cost for May $ ??? *********Here is an example of the question with different values...the below answers were found to be correct: ledger of Custer Company has the following work in process account. Work in ProcessPainting 5/1 5/31 5/31 5/31 Balance Materials Labor Overhead 5/31 Balance 3,870 5/31 6,750 4,800 1,570 Transferred out ? ? Production records show that there were 440 units in the beginning inventory, 30% complete, 1,510 units started, and 1,510 units transferred out. The beginning work in process had materials cost of $2,150 and conversion costs of $1,720. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. (a) How many units are in process at May 31? Work in process, May 31 units 440 (b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.) $ The unit materials cost for May 4.56 (c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.) $ The unit conversion cost for May 4.80