Amount Descripom Instructions The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a producer of digital video monitors & Purchased $168 500 of materials b. Used $149 250 of dred materials in production cincurred $350,000 of direct labor wages d levoured $120,000 of factory overhead e. Transferred $500,000 of work in process to finished. ooods t. Sold goods for $875,000 9 Sold goods with a cost of $525.000 incurred $125.000 of selling expense. incurred 500,000 of administrative expense Required: Using the information given, complete the following Prepare the Machincome statement for Digital Vibe Lanutacturing Company Refer to me Amount Description of provided for each wording of the newer choices for en Determine the inventory balances at the end of the first month of operations Previous NE 8/25/20 bresc & bachspace > O 7 6 5 9 00 T T 7 Y 1 O enter G H J + K K L pause t shift BIN M eBook Show Me How Calculator Amount Descriptions Amount Descriptions Administrative expenses Cost of goods sold Gross profit Net income Revenues Selling expenses Income Statement a. Using the information given, prepare the March income statement for Digital Vibe Manufacturing Company Refe exact wording of the answer choices for text entries Digital Vibe Manufacturing Company Income Statement Score: 8/57 Ethan Enh o Income Statement Shaded calls have feedback a. Using the information given, prepare the March income statement for Digital Wibe Manutecturing Company Refer to the Amount Descriptionist provided for the exact wording of the answer choices for text entries Score: 8/57 Digital Vibe Manufacturing Company Income Statement For the Month Ended March 31 1 Administrative expenses Cost of goods sold Gross prof Operating experts 5 Netcome . Revenues 1 Total operating expenses Selling expenses do 96 5 7 9 00 6 4 3 R O IT Y U L K. F G H pause ? M M N 0 V B Inventory Balances b. Using the information given, determine the inventory balances at the end of the first month of operations. Materials Work in process Finished goods Points 073 Feedback v Check My Work Show the transactions in T accounts for materials, work in process inventory, and finished goods inventory Check My Work hp presc BR * 5 6 & 7 8. 9 O