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 $646,800 for 1,960 production hours. Each unit requires 12 minutes of cell process time. During March, 890 DVR players were manufactured in the cell. The materials cost per unit is $67. The following summary transactions took place during March: 1. Materials were purchased for March production. 2. Conversion costs were applied to production. 3. 890 DVR players were assembled and placed in finished goods. 4. 850 DVR players were sold for $235 per unit. a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. 330 per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. 66 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 59,630 Accounts Payable 59,630 2. Raw and In Process Inventory I II II II III Conversion Cos 3. Finished Goods Inventory Raw and In Process Inventory 4. Sale Accounts Receivable Sales 4. Cost Cost of Goods Sold Finished Goods Inventory