Calculator Financial Statements of a Manufacturing Firm 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: a. Purchased $63,800 of materials. b. Used $49,100 of direct materials in production. C. Incurred $73,400 of direct labor wages. d. Incurred $103,400 of factory overhead. e. Transferred $171,600 of work in process to finished goods. f. Sold goods for $306,900. g. Sold goods with a cost of $136,500. h. Incurred $78,500 of selling expense. I. Incurred $34,500 of administrative expense. Using the information given, complete the following: a. Prepare the March income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended March 31 Operating expenses: Total operating expenses b. Determine the inventory balances at the end of the first month of operations, Previous Ne Calculator i. Incurred $34,500 of administrative expense. Using the information given, complete the following: . a. Prepare the March income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended March 31 . . Operating expenses: