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

Units in process at May 31:

b) What is the unit materials cost for May?

(Round unit costs to 2 decimal places, e.g. 15.25.)

Unit materials cost $:

c) What is the unit conversion cost for May?

(Round unit costs to 2 decimal places, e.g. 15.25.)

Unit conversion cost $:

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

Total cost of units transferred out:

e) What is the cost of the May 31 inventory?

Cost of the May 31 inventory $:

Exercise 17-3 (Part Level Submission) The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out 5/31 Materials 6,990 3,130 5/31 Labor 5/31 Overhead 1,580 5/31 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,630 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,840 and conversion costs of $950. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process