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Business, 03.04.2021 02:10 angelricardoblp8kwg3

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 1,550. The units in ending inventory were 2,000, 40% complete. Materials are entered at the beginning of the painting process. The costs incurred during the month were 12,000 for materials and 10,000 in conversion Required:
a) How many units are in process at May 31?
b) What is the units material cost for May?
c) What is the unit conversion 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?

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