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Lean Accounting The annual budgeted conversion costs for a lean cell are $94,500 for 3,000 production hours. Each unit produc

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Answer #1
Budgeted cell conversion cost per hour 31.50 per hour =94500/3000
Budgeted cell conversion cost per unit 10.50 per unit =31.5*(20/60)
a
Raw and in process inventory 66150 =1470*45
     Accounts Payable 66150
b
Raw and in process inventory 14700 =1400*10.50
       Conversion costs 14700
c
Finished goods inventory 73815 =1330*(45+10.50)
       Raw and in process inventory 73815
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