The budgeted conversion costs for a just-in-time cell are $180,000 for 1,800 production hours. Each unit produced by the cell requires 24 minutes of cell process time. During the month, 450 units are manufactured in the cell. The estimated materials costs are $90 per unit. Provide the following journal entries:
a. Materials are purchased to produce 465 units.
b. Conversion costs are applied to 450 units of production.
c. 435 units are completed and placed into finished goods.