a. Purchased $54,700 of materials b. Used $42,100 of direct materials in production. c. Incurred $62,900 of direct labor wages. d. Incurred $88,600 of factory overhead. e. Transferred $147,100 of work in process to finished goods. f. Sold goods for $263,100. g. Sold goods with a cost of $117,100. h. Incurred $67,300 of selling expenses. i. Incurred $29,500 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturi Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 DOD Operating expenses: Show Me How Net income 49,200 Feedback Check My Work a. Use "1. g. , and i" in preparing the income statement. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month operations. Digital Vibe Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials Work in process Finished goods