Vintage Audio inc, manulactures audio speakers. Each speaker requires $125 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period: The operating plan calis for 210 operating hours for the period. Each speaker requires 18 minules of cel process time. The unit seling price for each speaker is $350. During the period, the fohowing transactions occured: 1. Purchased materials to produce 800 speaker units. 2. Appled sonversica costs to production of 780 speaker units. 3. Completed and transferred 765 speaker unis to tinished goods 4. Sold 750 speaker units. There were no inventories at the beginning of the period. Required: a. Journalize the summary transactions ( 1 - (4) for the period. Fefer to the Chart of Accounts for exact wording of account titles. b. Determine the ending balance of Raw and In Process Inventory and Finished Goods Inventory. ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 150 Raw and In Process Inventory 151 Finished Goods Inventory 180 Land 190 Equipment 191 Accumulated Depreciation-Equipment LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customers Refunds Payable 221 Notes Payable REVENUE 410 Sales EXPENSES 510 Cost of Goods Sold 511 Conversion Costs 521 Advertising Expense 523 Depreciation Expensctquipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense EQUITY 31 Common Stock 32 Retained Earnings b. Determine the ending balance of Raw and In Process Inventory and Finished Goods Inventory. Baw and in Process inventory, ending balance Finished Goods Inventory, ending balance