1. Lean Accounting

   Vintage Audio Inc. manufactures audio speakers. Each speaker requires $100 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period:

   Speaker assembly cell, estimated costs:
   Labor	$51,170
   Depreciation	6,860
   Supplies	2,500
   Power	1,870
   Total cell costs for the period	$62,400

   The operating plan calls for 160 operating hours for the period. Each speaker requires 12 minutes of cell process time. The unit selling price for each speaker is $271. During the period, the following transactions occurred:

   1. Purchased materials to produce 360 speaker units.
   2. Applied conversion costs to production of 340 speaker units.
   3. Completed and transferred 330 speaker units to finished goods.
   4. Sold 315 speaker units.

   There were no inventories at the beginning of the period.

   a. Journalize the summary transactions (1)-(4) for the period. Do not round interim calculations.

   1.
   2.
   3.
   4. Sale
   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	$