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need only wip inventory balance for end of month Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during

need only wip inventory balance for end of month

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Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the fi its operations as a producer of digital video mc a. Purchased $243,000 of materials. b. Used $174,960 of direct materials in product 0. Incurred $437,400 of direct labor wages. d. Incurred $175,000 of factory overhead. 1e. Transferred $738,700 of work in process to goods. f. Sold goods for $1,166,400. qaold goods with a cost of $656,100. h. Incurred $209,000 of selling expense. i. Incurred $121,500 of administrative expense This information has been collected in the MICI Online file. Open the spreadsheet, perform the analysis, and input your answers in the questio

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