Vintage Audio Inc. manufactures audio speakers. Each speaker requires $115 per unit of direct materials. The speaker man

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Vintage Audio Inc. manufactures audio speakers. Each speakerrequires $115 per unit of direct materials. The speakermanufacturing assembly cell includes the following estimated costsfor the period:
The operating plan calls for 175 operating hours for the period.Each speaker requires 12 minutes of cell process time.The unit selling price for each speaker is $312. During the period,the following transactions occurred:
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 centand use in subsequent computations. If an amount box does notrequire an entry, leave it blank.
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts PayableConversion CostsCost of Goods SoldFinished GoodsInventoryRaw and In Process Inventory
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Accounts ReceivableConversion CostsCost of Goods SoldFinishedGoods InventorySales
Question Content Area
b. Determine the ending balance of rawand in process inventory and finished goods inventory.