. Lean Accounting The annual budgeted conversion costs for a lean cellare $297,000 for 3,200 production hours. Each unit produced by the cell requires 6 minutes of chill process time. During the month, 1,370 units are manufactured in the cell. The estimated materials costs are 41 per unit. (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar) Journalize the following entries for the month a. Materials are purchased to produce 1,440 units b. Conversion costs are applied to 1,370 units of production c. The cell completes 1,300 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank a. b. Journalize the following entries for the month: a. Materials are purchased to produce 1,440 units. b. Conversion costs are applied to 1,370 units of production. C. The cell completes 1,300 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. a. Accounts Payable Cash Conversion Costs Finished Goods Inventory Raw and In Process Inventory