Vintage Audio Inc. manufactures audio speakers. Each speaker requires $119 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period:

Speaker assembly cell, estimated costs:
Labor	$82,360
Depreciation	11,050
Supplies	4,020
Power	3,010
Total cell costs for the period	$100,440

The operating plan calls for 180 operating hours for the period. Each speaker requires 10 minutes of cell process time. The unit selling price for each speaker is $322. During the period, the following transactions occurred:

Purchased materials to produce 485 speaker units.

Applied conversion costs to production of 460 speaker units.

Completed and transferred 440 speaker units to finished goods.

Sold 420 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.	Raw and In Process Inventory
	Accounts Payable
2.	Raw and In Process Inventory
	Conversion Costs
3.	Finished Goods Inventory
	Raw and In Process Inventory
4. Sale	Accounts Receivable
	Sales
4. Cost	Cost of Goods Sold
	Finished Goods Inventory

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	$