The budgeted conversion costs for a just-in-time cell are $202,400 for 4,000 production hours. Each unit produced by the cell requires 15 minutes of cell process time. During the month, 1,500 units are manufactured in the cell. The estimated materials cost is $55 per unit. What would be the journal entry if 1,400 units are completed and placed into finished goods?

a. Finished Goods Inventory94,710

Raw and In Process Inventory94,710

b. Raw and In Process Inventory94,710

Finished Goods Inventory94,710

c.Raw and In Process Inventory147,840

Finished Goods Inventory147,840

d. Finished Goods Inventory147,840

Raw and In Process Inventory147,840