Lean Accounting The annual budgeted conversion costs for a lean cell are $161,820 for 2,900 production hours. Each unit produced by the cell requires 20 minutes of cell process time. During the month, 1,970 units are manufactured in the cell. The estimated materials costs are $37 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 2,070 units. b. Conversion costs are applied to 1,970 units of production. c. The cell completes 1,870 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. a. Raw and In Process Inventory Accounts Payable b. Raw and In Process Inventory Conversion Costs c. Finished Goods Inventory Raw and In Process Inventory