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 Aaw and In Process Inventory or Finished Goods Inventory. The following summary events took plsce in the Lon 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. During May, 850 units were completed and transferred to finished goods. d. Of the 850 units completed, 800 were shipped to customers at a price of 5500 per unit. Required: 1. Determine the budgeted cell comversion coet per hour. per hour 2. Determine the budgeted cell conversion cost per unit. per unit 3. Journalize the summary transactions (a) through (d). If an amount box does not require an eatry, leave it blank. 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. Raw and In Process Inventory: 5 Finished Goods Inventery: 1 5. Lean accounting is different from traditional accounting because it is more and uses control. As a result, the number of transactions are . In many lean operations, purchasedmaterials are charped to a