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 5,820 5/31 Labor 4,106 5/31 Overhead 1,280 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1.700 units started, and 1,400 units transferred out. The beginning work in process had materials cost of $2,540 and conversion costs of $1,150. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process, Part 1 How many units are in process at May 31? Work in process, May 31 units e Textbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 Part 2 What is the unit materials cost for May? (Round unlt cost to 2 decimal places, eg. 2.25.) The unit materials cost for May $ e Textbook and Media Save for Later Part 3 What is the unit conversion cost for May? (Round unit cost to 2 decimal places, eg. 2.25.) The unit conversion cost for May $ e Textbook and Media Save for Later Atten Using multiple attempts will impact your score, 10% score reduction after attempt 2 Part 4 What is the total cost of units transferred out in May? The total cost of units transferred out in May $ I e Textbook and Media Save for Later Part 5 What is the cost of the May 31 inventory? Work in process $ e Textbook and Media