The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors:

i need help with question A and B

Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased 540,500 of materials b. Used $31,200 of direct materials in production. c. Incurred $46,600 of direct labor wages. d. Incurred $65,600 of factory overhead. e. Transferred $108,900 of work in process to finished goods. f. Sold goods for $194,800. 9. Sold goods with a cost of $86,700. h. Incurred $49,800 of selling expenses. 1. Incurred $21,900 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. Digital Vibe Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31 : Materials work in process Finished goods