Just-in-Time Accounting Matrix Inc. manufactures and assembles automobile instrument panels for both Yokohama Motors and Detroit Motors. The Optic process consists of a just-in-time product cell for each customer's instrument assembly. The data that follow concern only the Yokohama just-in-time cell. For the year, Optic Matrix Inc. budgeted the following costs for the Yokohama production cell: Conversion Cost Categories Budget Labor $71,300 27,000 Supplies Utilities 9,700 Total $108,000 Optic Matrix Inc. plans 1,800 hours of production for the Yokohama cell for the year. The materials cost is $51 per instrument assembly. Each assembly requires 20 minutes of ce Raw and In assembly time. There was no November 1 inventory for either Process Inventory or Finished Goods Inventory The following summary events took place in the Yokohama cell during November: a. Electronic parts and wiring were purchased to produce 6,100 instrument assemblies in November b. Conversion costs were applied for the production of 5,800 units in November. c. 5,680 units were started, completed, and transferred to finished goods in November d. 5,510 units were shipped to customers at a price of $240 per unit. If required, round to the nearest cent