Lean Accounting Com-Tel Inc. manufactures and assembles two models of smartphones-the Tiger Model and the Lion Model. The process consists of a lean cell for eaclh product. The data that follow concern only the Lion Model lean cell For the year, Com-Tel Inc. budgeted these costs for the Lion Model production cell: Conversion Cost Categories Labor Supplies Utilities Budget $63,400 24,000 8,600 $96,000 Total Com-Tel plans 2,000 hours of production for the Lion Model cell for the year. The materials cost is $41 per unit. Each assembly requires 20 minutes of cell assembly time. There was no May 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. The following summary events took place in the Lion Model cell during May: a. Electronic parts were purchased to produce 6,800 Lion Model assemblies in May. b. Conversion costs were applied for 6,450 units of production in May. c. 6,320 units were completed and transferred to finished goods in May. d. 6,130 units were shipped to customers at a price of $192 per unit. If required, round your answers to the nearest cent