Lean Accounting The annual budgeted conversion costs for a lean cell are $229,680 for 2,900 production hours. Each unit produced by the cell requires 10 minutes of cell process time. During the month, 1,800 units are manufactured in the cell. The estimated materials costs are $38 per unit. (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 1,890 units. b. Conversion costs are applied to 1,800 units of production. c. The cell completes 1,710 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. a. b. C.

Lean Accounting The annual budgeted conversion costs for a lean cell are $229,680 for 2,900 production hours. Each unit produced by the cell requires 10 minutes of cell process time. During the month, 1,800 units are manufactured in the cell. The estimated materials costs are $38 per unit. (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 1,890 units. b. Conversion costs are applied to 1,800 units of production. c. The cell completes 1,710 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. a. b. C.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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