Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $$29.$ The budgeted conversion cost for the year is $$182,400$ for $3,200$ production hours. A unit of Style Omega requires $12$ minutes of cell production time. The following transactions took place during June:

Materials were acquired to assemble $860$ Style Omega units for June.

Conversion costs were applied to $860$ Style Omega units of production.

$800$ units of Style Omega were completed in June.

$750$ units of Style Omega were sold in June for $$80$ per unit.

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a$.$ Determine the budgeted cell conversion cost per hour. If required, round to the nearest cent.

fill in the blank $1$ of $1$$

$57$

per hour

b$.$ Determine the budgeted cell conversion cost per unit. If required, round to the nearest cent.

fill in the blank $1$ of $1$$

$11\mathrm{.}40$

per unit

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c$.$ 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

$1.$

Raw and In Process Inventory

$24,940$

Accounts Payable

$24,940$

$2.$

Raw and In Process Inventory

$9,804$

Conversion Costs

$9,804$

$3.$

Finished Goods Inventory

$32,320$

Raw and In Process Inventory

$32,320$

$4.$ Sale

Accounts Receivable

$60,000$

Sales

$60,000$

$4.$ Cost

Cost of Goods Sold

Finished Goods Inventory