eBook Show Me How Lean Accounting The annual budgeted conversion costs for a lean cellare $402,000 for 3,000 production hours. Each unit produced by the cell requires 9 minutes of cell process time. During the month, 2,680 units are manufactured in the cell. The estimated materials cost is $65 per unit. Provide the following journal entries (Do not round Interim calculations. If required, round your answers to the nearest dollar) a. Materials are purchased to produce 2,820 units b. Conversion costs are applied to 2,680 units of production c. 2,550 units are completed and placed into finished goods Raw and In Process Inventory v Accounts Payable . b. Raw and In Process Inventory Conversion Costs c Finished Goods Inventory Raw and In Process Inventory ch a. Increase Raw and In Process Inventory (debit) and increase Accounts Payable (credit for per unit amount times 2,820 units unit: atex 2.680 units Total Conversion Costs debt to Raw and in