9:57 Done The following events took place for Sorensen Manufacturing Company during the first month of its operations as a producer of digital video monitors: a. Purchased $253,000 of materials. b. Used $182,160 of direct materials in production. c. Incurred $455,400 of direct labor wages. d. Incurred $182,200 of factory overhead. e. Transferred $769,100 of work in process to finished goods. >f. Sold goods for $1,214,400. g. Sold goods with a cost of $683,100. h. Incurred $217,600 of selling expense. i. Incurred $126,500 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open th spreadsheet, perform the required analysis, and input your answers in the qu below. Open spreadsheet Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Compan your answers to the nearest dollar. Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Revenues Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Net income Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials Work in process Finished goods Feedback 217,600 126,500 b. Determine the inventory balances at the end of the first month of operation your answers to the nearest dollar. Sorensen Manufacturing Company $ 70,840 $ X .. LTE 1,214,400 683,100 531,300 344,100 187,200 Incorrect Check My Work a. Use "f, g, h, and i" in preparing the income statement. b. Show the transactions in T accounts for materials, work in process, finished goods.

The following events took place for Sorensen Manufacturing Company during the first month of its operations as a producer of digital video monitors: a. Purchased $253,000 of materials. b. Used $182,160 of direct materiais in production. c. Incurred $455,400 of direct labor wages. d. Incurred $182,200 of factory overhead. e. Transferred $769,100 of work in process to finished goods. ). Sold goods for $1,214,400. 9. Sold goods with a cost of $683,100. h. Incurred $217,600 of selling expense. 1. Incurred $126,500 of administrative expense. This information has been collected in the Micrusoft Excel Online file. Open th spreadsheet, perform the required analysis, and input your answers in the qu below: x2= aper mestitent Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Compan your answers to the nearest dollar. b. Determine the ifventory balances at the end of the first month of operation your answers to the nearest dollar. at bint is net a. Use " f,g,h, and i in preparing the income statement. b. Show the transactions in T accounts for materials, work in process; finished goods. The following events took place for Sorensen Manufacturing Company during the first month of its operations as a producer of digital video monitors: a. Purchased $253,000 of materials. b. Used $182,160 of direct materiais in production. c. Incurred $455,400 of direct labor wages. d. Incurred $182,200 of factory overhead. e. Transferred $769,100 of work in process to finished goods. ). Sold goods for $1,214,400. 9. Sold goods with a cost of $683,100. h. Incurred $217,600 of selling expense. 1. Incurred $126,500 of administrative expense. This information has been collected in the Micrusoft Excel Online file. Open th spreadsheet, perform the required analysis, and input your answers in the qu below: x2= aper mestitent Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Compan your answers to the nearest dollar. b. Determine the ifventory balances at the end of the first month of operation your answers to the nearest dollar. at bint is net a. Use " f,g,h, and i in preparing the income statement. b. Show the transactions in T accounts for materials, work in process; finished goods. The following events took place for Sorensen Manufacturing Company during the first month of its operations as a producer of digital video monitors: a. Purchased $253,000 of materials. b. Used $182,160 of direct materiais in production. c. Incurred $455,400 of direct labor wages. d. Incurred $182,200 of factory overhead. e. Transferred $769,100 of work in process to finished goods. ). Sold goods for $1,214,400. 9. Sold goods with a cost of $683,100. h. Incurred $217,600 of selling expense. 1. Incurred $126,500 of administrative expense. This information has been collected in the Micrusoft Excel Online file. Open th spreadsheet, perform the required analysis, and input your answers in the qu below: x2= aper mestitent Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Compan your answers to the nearest dollar. b. Determine the ifventory balances at the end of the first month of operation your answers to the nearest dollar. at bint is net a. Use " f,g,h, and i in preparing the income statement. b. Show the transactions in T accounts for materials, work in process; finished goods. The following events took place for Sorensen Manufacturing Company during the first month of its operations as a producer of digital video monitors: a. Purchased $253,000 of materials. b. Used $182,160 of direct materiais in production. c. Incurred $455,400 of direct labor wages. d. Incurred $182,200 of factory overhead. e. Transferred $769,100 of work in process to finished goods. ). Sold goods for $1,214,400. 9. Sold goods with a cost of $683,100. h. Incurred $217,600 of selling expense. 1. Incurred $126,500 of administrative expense. This information has been collected in the Micrusoft Excel Online file. Open th spreadsheet, perform the required analysis, and input your answers in the qu below: x2= aper mestitent Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Compan your answers to the nearest dollar. b. Determine the ifventory balances at the end of the first month of operation your answers to the nearest dollar. at bint is net a. Use " f,g,h, and i in preparing the income statement. b. Show the transactions in T accounts for materials, work in process; finished goods