On costs and E2L3 (LO 2, 3, 4) The ledger of American Company has the following work in process account Transferred out SI 5731 5/31 3/31 5/31 Balance Materials Labor Overhead Balance Work in Process Painting 3.590 5/31 5.160 2.530 1.380 Production records show that there were 400 units in the beginning inventory. 30 complete, 1.600 units started and 1.700 units transferred out. The beginning work in process had materials cost of $2,040 and conversion costs of S1.550. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process, Instructions a. How many units are in process at May 31? b. What is the unit materials cost for May? c. What is the unit coriversion cost for May? d. What is the total cost of units transferred out in May? e. What is the cost of the May 31 inventory? Cushes Assembly S10.00