Lean AccountingModern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $$19.$ The budgeted conversion cost for the year is $$72,000$ for $1,500$ production hours. A unit of Style Omega requires $15$ minutes of cell production time. The following transactions took place during June:$1$Materials were acquired to assemble $740$ Style Omega units for June$\mathrm{.}2$Conversion costs were applied to $740$ Style Omega units of production$\mathrm{.}3690$ units of Style Omega were completed in June$\mathrm{.}4640$ units of Style Omega were sold in June for $$60$ per unit.Question Content Areaa. $$Determine the budgeted cell conversion cost per hour. If required, round to the nearest cent.fill in the blank $1$ of $1$$ per hourb. $$Determine the budgeted cell conversion cost per unit. If required, round to the nearest cent.fill in the blank $1$ of $1$$ per unitFeedback AreaFeedbacka. Budgeted conversion cost $-$: Planned hours of production $=$ Cell Conversion cost per hourb. $($Cell process time $-$: $60$ minutes$)$ x Conversion rate from Req. $($a$)=$ Cell Conversion cost per unitQuestion Content Areac. $$Journalize the summary transactions $(1)(4)$ for June. If required, round your answers to one decimal place. If an amount box does not require an entry, leave it blank.TransactionAccountDebitCredit$1.$Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryAccounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory$2.$Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryAccounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory$3.$Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process InventoryAccounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory$4.$ SaleAccounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySalesAccounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales$4.$ CostAccounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySalesAccounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales