Question 2 The ledger of Custer Company has the following work in process account.;Work in Process?Painting;5/1 Balance 4,830 5/31 Transferred out ?;5/31 Materials 6,700;5/31 Labor 4,150;5/31 Overhead 2,030;5/31 Balance ?;Production records show that there were 560 units in the beginning inventory, 30% complete, 1,440 units started, and 1,560 units transferred out. The beginning work in process had materials cost of $3,110 and conversion costs of $1,720. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.;(a), (b) and (c) (a) How many units are in process at May 31?;Work in process, May 31 units;(b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.);The unit materials cost for May $;(c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.);The unit conversion cost for May $;Please help, I completed a and b but need help with C.
Paper#76810 | Written in 18-Jul-2015Price : $22