a. Purchased $133,400 of materials. b. Used $94,980 of direct materials in production. c. Incurred $180,320 of direct labor wages. d. Incurred $215,440 of factory overhead. e. Transferred $425,880 of work in process to finished goods. 1. Sold goods for $645,000 g. Sold goods with a cost of $368,750 h. Incurred $85,120 of selling expense Incurred $71,400 of administrative expense. Required: Using the information given, complete the following: A Prepare the January income statement for Digital Vibe Manufacturing Company Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries Be sure to complete the statement heading B. Determine the Materials Inventory, Work in Process Inventory, and finished Goods Inventory balances of the end of the first month of operations