Com$-$Tel Inc. manufactures and assembles two models of smartphones$$the Tiger Model and the Lion Model. The process consists of a lean cell for each product. The data that follow concern only the Lion Model lean cell.

For the year, Com$-$Tel Inc. budgeted these costs for the Lion Model production cell:

Conversion Cost Categories Budget

Labor $$190,100$

Supplies $72,000$

Utilities $25,900$

Total $$288,000$

Com$-$Tel plans $3,200$ hours of production for the Lion Model cell for the year. The materials cost is $$77$ per unit. Each assembly requires $24$ minutes of cell assembly time. There was no May $1$ inventory for either Raw and In Process Inventory or Finished Goods Inventory.

The following summary events took place in the Lion Model cell during May:

Electronic parts were purchased to produce $10,900$ Lion Model assemblies in May.

Conversion costs were applied for $10,350$ units of production in May.

During May, $10,140$ units were completed and transferred to finished goods.

Of the $10,140$ units completed, $9,840$ units were shipped to customers at a price of $$360$ per unit.

If required, round your answers to the nearest cent.

Required:

Question Content Area

$1.$ Determine the budgeted cell conversion cost per hour.

fill in the blank $1$ of $1$$

per hour

$2.$ Determine the budgeted cell conversion cost per unit.

fill in the blank $1$ of $1$$

per unit

$3.$ Journalize the summary transactions $($a$)$ through $($d$).$ If an amount box does not require an entry, leave it blank.

Transaction Account Debit Credit

a$.$

b$.$

$3.$

$4.$ Sale

$4.$ Cost

$.$ Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory.

Raw and In Process Inventory: fill in the blank $1$ of $2$$

Finished Goods Inventory: fill in the blank $2$ of $2$$