The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a a. Purchased $168,500 of materials. b. Used $149,250 of direct materials in production. c. Incurred $360,000 of direct labor wages. d. Incurred $120,000 of factory overhead e. Transferred $600,000 of work in process to finished goods 1. Sold goods for $875,000. g. Sold goods with a cost of $525,000. h. Incurred $125,000 of selling expense. L. Incurred $80,000 of administrative expense. Required: Using the information given, complete the following: NET INCOME Cost of Direct Materials used in Production for a Manufacturing Company Okabojl Manufacturing Company reported the following materials data for the month ending November 30: Materials purchased $490,900 Materials Inventory, November 1 64,900 Materials Inventory, November 30 81,300 Determine the cost of direct materials used in production by Okaboji during the month ended November 30