Question: The budgeted conversion costs for a just-in-time cell are $1,267,500 for 1,950 production hours. Each unit produced by the cell requires 12 minutes of cell

The budgeted conversion costs for a just-in-time cell are $1,267,500 for 1,950 production hours. Each unit produced by the cell requires 12 minutes of cell process time. During the month, 575 units are manufactured in the cell. The estimated materials costs are $840 per unit. Provide the following journal entries:
a. Materials are purchased to produce 600 units.
b. Conversion costs are applied to 575 units of production.
c. 565 units are completed and placed into finished goods.

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