Audio Master, Inc., manufactures audio speakers. Each speaker requires $127 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period:

Speaker assembly cell, estimated costs:
Labor	$75,090
Depreciation	10,070
Supplies	3,660
Power	2,755
Total cell costs for the period	$91,575

The operating plan calls for 185 operating hours for the period. Each speaker requires 12 minutes of cell process time. The unit selling price for each speaker is $344. During the period, the following transactions occurred:

1. Purchased materials to produce 485 speaker units.
2. Applied conversion costs to production of 460 speaker units.
3. Completed and transferred 440 speaker units to finished goods.
4. Sold 420 speaker units.

There were no inventories at the beginning of the period.

a. Journalize the summary transactions (1)-(4) for the period.

1.
2.
3.
4. Sale
4. Cost

b. Determine the ending balance for raw and in process inventory and finished goods inventory.

Raw and In Process Inventory, ending balance	$
Finished Goods Inventory, ending balance