Lean Accounting Comel Inca manufactures and embles two models of smartphone-the Tiger Model in the Lion Model. The process consists of a colorach product. The data cu follow.concern only the Lion Modelle cell for the year Comel Inc budgeted these costs for the Lion Model production cells Conversion Cost Categories Budget Labor $139,400 Supplies 12.000 Utilities 19,000 Total 311,200 Com Tela 5.200 hours of production for the Lion Model cell for the year. The materials conto per unit, toch stembly eve 20tes of callbly in the Mayentury for either and the inventory or shed Goods Tritory The following sumay events took place in the Lion Modele during Me Electronic parts were purchased to produce 10,000 on Models in May Cocosts were for 10,350 units of production in May 10.140 units were completed and transferred to finhed goods in May 0.0.840 units were shipped to customers to $264 per un It required, round your wens to the recent Required me the trageted celler hun 2. Die de celler 3. Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave it blank Raw and In Process Inventory Accounts Payable 610,400 a 610,400 V b. 204,930 X Raw and In Process Inventory Conversion Costs 204,930 X 3 Finished Goods Inventory Raw and In Process Inventory 768.612 X 768,612 X 4. Sale Accounts Receivable 2.597,760 Sales 2.597,760 4. Cost Cost of Goods Sold 745.872 X Finished Goods Inventory 745,872 X 1. Determine the ending balance in Raw and In Process Inventory and Fished Goods Inventory Raw and in Process Inventory 16,718 X Finished Goods Inventory 22,740 S. Lean accounting is diferent from traditional accounting because it is more implified and uses minimal control. As a result, the number of transactions educed In many lean operations, purchased materials are charged to a crawandim trocas inventory account Direct labore one, nonfinancial performance such as load time or guany measure monton berformance