Lean Accounting

Speaker assembly cell, estimated costs:

Purchased materials to produce $570$ speaker units.

Applied conversion costs to production of $540$ speaker units.

Completed and transferred $520$ speaker units to finished goods.

Sold $495$ speaker units.

There were no inventories at the beginning of the period.

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

Raw and In Process Inventory, ending balance $

Finished Goods Inventory, ending balance $