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Kwanika Co. operates in a lean manufacturing environment. During its first year of operations, Kwanika budgeted for 40,000 hours in the production of 100,000 units

Kwanika Co. operates in a lean manufacturing environment. During its first year of operations, Kwanika budgeted for 40,000 hours in the production of 100,000 units in its Cell X-22. Materials costs were $7.00 per unit. Cell X-22 conversion costs were budgeted for the year as follows: Line Item Description Amount Direct and indirect labor $900,000 Machine depreciation 125,000 Maintenance and supplies 375,000 Utilities 225,000 Total $1,625,000 During January, materials for 8,400 units were purchased on account. There were 8,200 units manufactured and 8,000 were sold and shipped to customers for $35 each. Conversion costs are applied based on units of production. Question Content Area a. Journalize the materials purchases. If an amount box does not require an entry, leave it blank. blankAccountDebitCredit blank Question Content Area b. Journalize the application of conversion costs. If an amount box does not require an entry, leave it blank. blankAccountDebitCredit blank Question Content Area c. Journalize the transfer from work in process to finished goods. If an amount box does not require an entry, leave it blank. blankAccountDebitCredit blank Question Content Area d. Journalize the sales (all made on account) and associated cost of goods sold for the month of January. If an amount

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