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Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The

Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $1,071,000 for 2,100 production hours. Each unit requires 10 minutes of cell process time. During March, 990 DVR players were manufactured in the cell. The materials cost per unit is $82. The following summary transactions took place during March:

  1. Materials were purchased for March production.
  2. Conversion costs were applied to production.
  3. 990 DVR players were assembled and placed in finished goods.
  4. 940 DVR players were sold for $296 per unit.

a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. $fill in the blank 77e91a041fad06b_1 per hour

b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. $fill in the blank 77e91a041fad06b_2 per unit

c. Journalize the summary transactions (1)(4) for March. If an amount box does not require an entry, leave it blank.

1.

Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory

- Select - - Select -

Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory

- Select - - Select -
2.

Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory

- Select - - Select -

Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory

- Select - - Select -
3.

Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory

- Select - - Select -

Accounts PayableConversion CostsCost of Goods SoldFinished Goods InventoryRaw and In Process Inventory

- Select - - Select -
4. Sale

Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales

- Select - - Select -

Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales

- Select - - Select -
4. Cost

Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales

- Select - - Select -

Accounts ReceivableConversion CostsCost of Goods SoldFinished Goods InventorySales

- Select - - Select -

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