The ledger of Kinsler Company has the following work in process account.

WORK IN PROCESS-PAINTING

DR. CR.

5/1 Balance 5,390 5/31

Transferred out ?

5/31 Materials 7,740

5/31 Labor 4,110

5/31 Overhead 2,470

5/31 Balance ?

Production records show that there were 700 units in the beginning inventory, 30% complete, 2,900 units started, and 3,100 units transferred.

The beginning work in process had materials cost of $3,060 and conversion costs of $2,330.

The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

1) How many units are in process at May 31?

2) What is the unit materials cost for May?

3) What is the unit conversion cost for May?

4) What is the total cost of units transferred out in May?

5) Total cost What is the cost of the May 31 inventory?