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		Budget
Labor		$122,000
Supplies		49,000
Utilities		18,000
Total		$189,000

Com-Tel plans 2,100 hours of production for the Lion Model cell for the year. The materials cost is $185 per unit. Each assembly requires 12 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 900 Lion Model assemblies in May. b. Conversion costs were applied for 875 units of production in May. c. 850 units were completed and transferred to finished goods in May. d. 800 units were shipped to customers at a price of $500 per unit.

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

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

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

Raw and In Process Inventory:	$
Finished Goods Inventory:

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

a..	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryRaw and In Process Inventory	Raw and In Process Inventory	Raw and In Process Inventory
	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryAccounts Payable	Accounts Payable	Accounts Payable
b.	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryRaw and In Process Inventory	Raw and In Process Inventory	Raw and In Process Inventory
	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryConversion Costs	Conversion Costs	Conversion Costs
3.	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryFinished Goods Inventory	Finished Goods Inventory	Finished Goods Inventory
	Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryRaw and In Process Inventory	Raw and In Process Inventory	Raw and In Process Inventory
4. Sale	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySalesAccounts Receivable	Accounts Receivable	Accounts Receivable
	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySalesSales	Sales	Sales
4. Cost	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySalesCost of Goods Sold	Cost of Goods Sold	Cost of Goods Sold
	Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySalesFinished Goods Inventory