Com-Tel Inc. manufactures and assembles two models of smartphonesthe 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 Labor Supplies Utilities Budget $142,600 54,000 19,400 Total $216,000 Com-Tel plans 3,600 hours of production for the Lion Model cell for the year. The materials cost is $51 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: a. Electronic parts were purchased to produce 12,250 Lion Model assemblies in May. b. Conversion costs were applied for 11,650 units of production in May. c. During May, 11,420 units were completed and transferred to finished goods. d. Of the 11,420 units completed, 11,080 units were shipped to customers at a price of $240 per unit.