Question

book Lean Mouring Vintage Audo ine manutactures audio speakers. Each speaker requires 40 per unit of drect materials. The speaker mandaturing assembly call includes the followng estimated costs fort penod: Speaker sembly Labor estimated costs $30.000 12,000 Depreciation Supplies 2.000 Power Total costs for the period 350,000 s 24 minutes of colors tune. The un sing for each e r is $90. During the period, the The operating plan calls for 100 hours for the period. Each speaker following transactions occurred 1. Purchased materials to produce 2,000 kerunt 2. Apled corro t o production of 1,500 kr 3. Completed and transferred 1.700 units to fushed goods 4. Sold 1.600 watt There were nevertones the be d the end a. Journalize the summary transactions (1)-4) for the end of an amount box does not Ched My Wome Cheats

Answer 1

	Budgeted cell conversion cost per hour	62.50	per hour	=50000/800
	Budgeted cell conversion cost per unit	25.00	per unit	=62.5*(24/60)
	a
1	Raw and in process inventory	96000		=2000*48
	Accounts Payable		96000
2	Raw and in process inventory	45000		=1800*25
	Conversion costs		45000
3	Finished goods inventory	124100		=1700*(48+25)
	Raw and in process inventory		124100
4 sale	Accounts Receivable	144000		=1600*90
	Sales		144000
4 cost	Cost of goods sold	116800		=1600*(48+25)
	Finished goods inventory		116800
	b
	Ending balance in raw and in process inventory	16900		=96000+45000-124100
	Ending balance in finished goods inventory	7300		=124100-116800