Lean Accounting Vintage Audio Inc. manufactures audio speakers. Each speaker requires $123 per unit of direct materials, The speaker manufacturing assembly cell includes the following estimated costs for the period: Speaker assembly cell, estimated costs: Labor $70,850 Depreciation 9,500 Supplies 3,460 Power 2,590 Total cell costs for the period $86,400 The operating plan calls for 180 operating hours for the period. Each speaker requires 12 minutes of cell process time. The unit selling price for each spenkeris 5333. During the period, the following transactions occurred: 1. Purchased materials to produce 680 speaker units 2. Applied conversion costs to production of 545 speaker units. 3. Completed and transferred 620 speaker units to finished goods. 4. Sold 590 speaker units. There were no inventories at the beginning of the period. a. Journalize the summary transactions (1)-(4) for the period. Round the per unit cost to the nearest cent and use in subsequent computations. If an amount box doet not require an entry, leave it blank. 1. 2. II II 4. Sale II II II 4. Cost 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