PLUS Kimmel, Accounting, 6e Help System Announcements RESOURCES ter 16 w 16-1 Exercise 16-3 The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,690 5/31 Transferred out? 5/31 Materials 5,890 5/31 Labor 3,830 5/31 Overhead 1,980 5/31 Balance ? -11 (Part ission 3A (Part mission 5-6A (Part mission Production records show that there were 490 units in the beginning inventory, 30% complete, 1,650 units started, inventory were 40% complete. Materials are entered at the beginning of the painting process. alts by tive Your answer is correct. How many units are in process at May 312 Work in process, May 31 740 units SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Your answer is correct. 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 3.99 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT ew Results by ly objective Your answer is correct. What is the total cost of units transferred out in May? (Round answer to o decimal places, e.g. 1,225.) The total cost of units transferred out in May 11,256 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT 3 Your answer is incorrect. Try again. What is the cost of the May 31 inventory? (Round answer to o decimal places, e.g. 1,225.) Work in process 3,549 Click if you would like to Show Work for this question Open Show Work LINK TO TEXT LINK TO TEXT O Type here to search G e 98