Lean Accounting Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $723,600 for 2,010 production hours. Each unit requires 10 minutes of cell process time. During March, 990 DVR players were manufactured in the cell. The materials cost per unit is $57. The following summary transactions took place during March: 1. Materials were purchased for March production.. 2. Conversion costs were applied to production. 3. 990 DVR players were assembled and placed in finished goods. 4. 940 DVR players were sold for $207 per unit. a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. 360 per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. 120 X per unit Feedback Check My Work a. Budgeted conversion cost + Planned hours of production Cell Conversion cost per hour b. (Cell process time.+ 60 minutes) x Conversion rate from Req. (a) Cell Conversion cost per unit c. Journalize the summary transactions (1)-(4) for March. If an amount box does not require an entry, leave it blank. 1. Raw and In Process Inventory Accounts Payable 2. Raw and in Process Inventory 1. Raw and In Process Inventory Accounts Payable 88 2. Raw and In Process Inventory Conversion Costs 3. Finished Goods Inventory Raw and In Process Inventory 4. Sale Accounts Receivable Sales 4. Cost Cost of Goods Sold Finished Goods Inventory 88