Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $450 of raw materials. Estimated conversion costs to produce 2,300 units in the next year are $920,000. During a recent quarter the company produced 800 mowers and sold 780 mowers. Each mower is sold for $1,200.

Problem C-1 Lean accounting LO P1 Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $450 of raw materials. Estimated conversion costs to produce 2,300 units in the next year are $920,000. During a recent quarter the company produced 800 mowers and sold 780 mowers. Each mower is sold for $1,200. Required 1. Compute the conversion cost rate per mower. 2. Prepare journal entries to record (a) purchase of raw materials on credit, (b) applied conversion costs to production, (c) sale of mowers on credit, and (d) cost of goods sold and finished goods inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the conversion cost rate per mower. Conversion cost rate per mower Prepare journal entries to record (a) purchase of raw materials on credit, (b) applied conversion costs to production, (c) sa on credit, and (d) cost of goods sold and finished goods inventory. View transaction list Journal entry worksheet