that follow concern only the Lion Model lean cell. For the year, Com-Tel Inc. budgeted these costs for the Lion Model production cell: There was no May 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. The following summary events took place in the Lion Model cell during May: a. Electronic parts were purchased to produce 8,850 Lion Model assemblies in May. b. Conversion costs were applied for 8,400 units of production in May. c. 8,230 units were completed and transferred to finished goods in May. d. 7,980 units were shipped to customers at a price of $264 per unit. If required, round your answers to the nearest cent. Required: 1. Determine the budgeted cell conversion cost per hour. \& per hour 2. Determine the budgeted cell conversion cost per unit. $ per unit law and In Process Inventory inished Goods Inventory Lean accounting is different from traditional accounting because it is more ansactions are In many lean operations, purchased materials are charged to a onitor performance