Power Audio Inc. manufactures audio speakers. Each speaker requires $$104$ per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period:

Speaker assembly cell, estimated costs:

Line Item Description Amount

Labor $$46,490$

Depreciation $6,240$

Supplies $2,270$

Power $1,700$

Total cell costs for the period $$56,700$

The operating plan calls for $175$ operating hours for the period. Each speaker requires $15$ minutes of cell process time. The unit selling price for each speaker is $$281.$ During the period, the following transactions occurred:

Purchased materials to produce $685$ speaker units.

Applied conversion costs to production of $650$ speaker units.

Completed and transferred $625$ speaker units to finished goods.

Sold $595$ speaker units.

There were no inventories at the beginning of the period.

Question Content Area

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 does not require an entry, leave it blank.

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

Raw and In Process Inventory, ending balance fill in the blank $1$ of $2$$

Finished Goods Inventory, ending balance fill in the blank $2$ of $2$$