Lean Accounting The annual budgeted conversion costs for a lean cell are $119,600 for 2,600 production hours. Each unit produced by the cell requires 18 minutes of cell process time. During the month, 1,310 units are manufactured in the cell. The estimated materials costs are $46 per unit. (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 1,380 units. b. Conversion costs are applied to 1,310 units of production. C. The cell completes 1,240 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. a. Raw and In Process Inventory 63,480 Accounts Payable 63,480 b. Raw and In Process Inventory 18,078 (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 1,380 units. b. Conversion costs are applied to 1,310 units of production. C. The cell completes 1,240 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank, a. Raw and In Process Inventory 63,480 Accounts Payable 63,480 b. Raw and In Process Inventory 18,078 Conversion Costs 18,078 Finished Goods Inventory C. 131,440 Raw and In Process Inventory 131 440