The ledger of Magdy Company has the following work in process account: Work in Process-Painting 5/1 Balance $3.550 5/31 Transferred out $? 5/31 Materials 7,500 5/31 Labour 2,450 5/31 Overhead 427 5/31 Balance $? Production records show that there were 380 units in the beginning inventory, 30% complete, 1,170 units started, and 1,170 units transferred out. The beginning work in process had materials costs of $1,800 and conversion costs of $1,750. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process