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Answer the incorrect answer but the transferred 753,900 of work in process to finished goods For ine Month Ended January 31 Revenues 1,190,400 Cost of

Answer the incorrect answer but the transferred 753,900 of work in process to finished goods

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For ine Month Ended January 31 Revenues 1,190,400 Cost of goods sold 669,600 Gross profit 520,800 Operating expenses: Selling expenses 213,300 Administrative expenses 124,000 Total operating expenses 837,300 Net income 183,500 b. Determine the inventory balances at the end of the first month of operations. Round your an Sorensen Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials 69,440 Work in process 99,200 Finished goods 84,300 Feedback

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