The ledger of Wildhorse 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 6,160 5/31 Direct labor 3,678 5/31 Manufacturing overhead 1,980 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started into production, and 1,400 units completed and transferred out. The beginning work in process had materials cost of $2,640 and conversion costs of $1,050. 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. * Your answer is incorrect. What is the cost of the May 31 work in process inventory? Work in process $ eTextbook and Media 6320