Managerial Accounting: E16-3 The ledger of Molindo Company has the following work

Managerial Accounting 
E16-3 
The ledger of Molindo Company has the following work in process account. 
Work in Process-Painting 
1-May Balance 3,590 5/31 Transferred out ? 
31-May Materials 5,160 
31-May Labor 2,740 
31-May Overhead 1,650 
31-May Balance ? 

Production records show that there were 400 units in the beginning inventory, 30% complete, 1,100 units started, and 1,200 units transferred out. 
The beginning work in process had materials cost of $2,040 and conversion costs of $1,550. 
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? (Round answer to 2 decimal places, e.g. 10.50.) 
c. What is the unit conversion cost for May? (Round answer to 2 decimal places, e.g. 10.50.) 
d. What is the total cost of units transferred out in May? (Round calculations and final answer to 0 decimal places, e.g. 125.) 
e. What is the cost of the May 31 inventory? (Round calculations and final answer to 0 decimal places, e.g. 125.)
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