The ledger of Ivanhoe Company has the following work in process inventory account. Work in Process-Painting 5/1 Balance 3,690 5/31 Completed and transferred out ? 5/31 Direct materials 8,660 5/31 Direct labor 4,098 5/31 Manufacturing overhead 2,280 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started into production, and 1,600 units completed and transferred out. The beginning work in process had materials cost of $2,340 and conversion costs of $1,350. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process.