Lean Accounting Dashboard Inc, manufactures and assembles automobile instrument panels for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each customer's instrument assembly. The data that follow concern only the eCar lean cell For the year, Dashboard Inc. budgeted the following costs for the eCar production cell: Budget Conversion Cost Categories Labor $300,000 Supplies 275,000 325.000 Lutilities Total $1,400.000 Dashboard Inc. plans 2.000 hours of production for the eCar cell for the year. The materials cost is $240 per Instrument assembly. Each assembly requires 24 minutes of cell assembly time. There was no April 1 Inventory for either Raw and in Process Inventory or Finished Gaads Inventory. The following summary events took place in the eCar cell during April: April a. Electronic parts and wiring were purchased to produce 450 instrument assemblies b. Conversion costs were applied for the production of 400 units in April. C. 380 units were started, completed, and transferred to finished goods in April. d. 350 units were shipped to customers at a price of $800 per unit. Required: 1. Determine the budgeted cell conversion cast per hour. 10,800 X per hour 2. Determine the budgeted cell conversion cost per unit. per unit 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 a. 10,800 Accounts Payable 10,800 X b. Raw and In Process Inventory 11,200 Conversion Costs c. Finished Goods Inventory Raw and In Process Inventory d. Sale Accounts Receivable Sales II III II II d. Cost Cost of Goods Sold Finished Goods Inventory