a. Purchased $133,800 of materials. b. Used $94,100 of direct materials in production. c. Incurred $184,480...

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a. Purchased $133,800 of materials. b. Used $94,100 of direct materials in production. c. Incurred $184,480 of direct labor wages. d. Incurred $215,200 of factory overhead. e. Transferred $425,880 of work in process to finished goods. f. Sold goods for $664,000. g. Sold goods with a cost of $360,000. h. Incurred $85,460 of selling expense. i. Incurred $71,800 of administrative expense. January, the first month of its operations as a producer of digital video monito Required: Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. b. Determine the inventory balances at the end of the first month of operations. a. Purchased $133,800 of materials. b. Used $94,100 of direct materials in production. c. Incurred $184,480 of direct labor wages. d. Incurred $215,200 of factory overhead. e. Transferred $425,880 of work in process to finished goods. f. Sold goods for $664,000. g. Sold goods with a cost of $360,000. h. Incurred $85,460 of selling expense. i. Incurred $71,800 of administrative expense. January, the first month of its operations as a producer of digital video monito Required: Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. b. Determine the inventory balances at the end of the first month of operations.