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gage NOW2 Online teachi X C Search Textbook Solutions Chex + keAssignment/takeAssignment Main.do?invoker takeAssignmentSessionLocatorinprogress-fase Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the first month of its operations - digital video monitors: a. Purchased $280,000 of materials. b. Used $201,600 of direct materials in production c. Incurred $504,000 of direct labor wages. d. Incurred $201,600 of factory overhead. .. Transferred $851,200 of work in process to finished goods. 1. Sold goods for $1,344,000 9. Sold goods with a cost of $756,000. h. Incurred $240,800 of selling expense. 1. Incurred $140,000 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analys answers in the questions below.