Vintage Audio Inc. manufacture

Vintage Audio Inc. manufactures audio speakers. Each speakerrequires $108 per unit of direct materials. The speakermanufacturing assembly cell includes the following estimated costsfor the period:

Speaker assembly cell, estimated costs:
   Labor $34,100
   Depreciation 4,570
   Supplies 1,660
   Power 1,250
     Total cell costs for theperiod $41,580

The operating plan calls for 165 operating hours for the period.Each speaker requires 20 minutes of cell process time. The unitselling price for each speaker is $292. During the period, thefollowing transactions occurred:

  1. Purchased materials to produce 730 speaker units.
  2. Applied conversion costs to production of 695 speakerunits.
  3. Completed and transferred 665 speaker units to finishedgoods.
  4. Sold 635 speaker units.

There were no inventories at the beginning of the period.

a. Journalize the summary transactions (1)-(4)for the period. Round the per unit cost to the nearest cent and usein subsequent computations. If an amount box does not require anentry, leave it blank.

4. Sale
4. Cost

b. Determine the ending balance of raw and inprocess inventory and finished goods inventory.

Raw and In Process Inventory, ending balance $
Finished Goods Inventory, ending balance $


Budgeted cell conversion cost per hour 252 per hour =41580/165
Budgeted cell conversion cost per unit 84 per unit =252*(20/60)
Raw and in process inventory 78840 =730*108
     Accounts Payable 78840
Raw and in process inventory 58380 =695*84
       Conversion costs 58380
Finished goods inventory 127680 =665*(108+84)
       Raw and in processinventory 127680
Accounts Receivable 185420 =635*292
       Sales 185420
Cost of goods sold 121920 =635*(108+84)
        Finished goodsinventory 121920
Raw and In Process Inventory, ending balance 9540 =78840+58380-127680
Finished Goods Inventory, ending balance 5760 =127680-121920

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes