The following summary events took place in the Lion Model cell during May: a. Electronic parts were purchased to produce 8,150 Lion Model assemblies in May. b. Conversion costs were applied for 7,750 units of production in May. c. 7,600 units were completed and transferred to finished goods in May. d. 7,370 units were shipped to customers at a price of $216 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 3. Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave it blank. 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. Raw and In Process Inventory Finished Goods Inventory 5. Lean accounting is different from traditional accounting because it is more . and uses control. As a result, the number of transactions are are used to monitor performance. . In many lean operations, purchased materials are charged to a - Direct labor is - Often, nonfinancial performance measures, such as