Chapter 27 Homework, 5

Lean Accounting Speaker assembly cell, estimated costs: 1. Purchased materials to produce 655 speaker units. 2. Applied conversion costs to production of 620 speaker units. 3. Completed and transferred 595 speaker units to finished goods. 4. Sold 570 speaker units. There were no inventories at the beginning of the period. b. Determine the ending balance of raw and in process inventory and finished goods inventory