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The annual budgeted conversion costs for a lean cell are $ 1 1 0 , 7 0 0 for 2 , 7 0 0 production

The annual budgetedconversion costsfor a lean cell
are $110,700 for 2,700 production hours. Each unit produced by the
cell requires 18 minutes of cellprocesstime. During the
month, 1,170 units are manufactured in the cell. The estimated
materials cost is $65 per unit. Provide the following journal
entries:a.Materials are purchased to produce
1,230 units.b.Conversion costs are applied to 1,170
units of production.c.1,110 units are completed and placed
into finished goods.

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