Question: Lean Accounting The annual budgeted conversion costs for a lean cell are $ 7 7 , 2 8 0 for 1 , 4 0 0

Lean Accounting
The annual budgeted conversion costs for a lean cell are $77,280 for 1,400 production hours. Each unit produced by the cell requires 15 minutes of cell process time. During the month, 2,880 units are manufactured in the cell. The estimated materials cost is $75 per unit. Provide the following journal entries:
(Do not round interim calculations. If required, round your answers to the nearest dollar.)
a. Materials are purchased to produce 3,030 units.
b. Conversion costs are applied to 2,880 units of production.
c.2,740 units are completed and placed into finished goods.
a.
b.
c.

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