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 $137,800 of materials b. Used 594, 100 of dired materials in production c. Incurred 5184,800 of direct labor wages. d. Incurred $212,720 of factory overhead. e. Transferred S423, 160 of work in process to finished goods. f. Sold goods for $645,000 g. Sold goods with a cost of $365,000 h. Incurred $86,260 of selling expense. i. Incurred $71,950 of administrative expense. Required: Using the information given, complete the following: a. Prepare the March income statement for Digital Vibe Manufacturing Company Refer to the Amount Descriptions fist provided for the exact wording of the answer choices for text entries b. Determine the inventory balances at the end of the first month of operations. Income Statement Calculator Show Me How Print Item For the Month Ended March 31 1 2 3 Operating expenses 5 Total operating expenses 8 Inventory Balances b. Using the information given, determine the inventory balances at the end of the first month of operations. Materials Work in process Finished goods $ Check My Work 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 $137,800 of materials b. Used $94, 100 of direct materials in production c. Incurred 5184,800 of direct labor wages d. Incurred $212,720 of factory overhead. e. Transferred $423,160 of work in process to finished goods f. Sold goods for $645,000. g. Sold goods with a cost of $365,000 h. Incurred $86,260 of selling expense. i. Incurred $71,950 of administrative expense. Required: Using the information given, complete the following: a. Prepare the March income statement for Digital Vibe Manufacturing Company Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. b. Determine the inventory balances at the end of the first month of operations ome Statement Work