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 S136,600 of materials. b. Used $94,840 of direct materials in production C. Incurred $183,840 of direct labor wages. d. Incurred $211,760 of factory overhead. e. Transferred $427,460 of work in process to finished goods. 1. Sold goods for $666,000 g. Sold goods with a cost of $367,750. h. Incurred $84.980 of selling expense. 1. Incurred $70,500 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 is 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 Amount Descriptions Administrative expenses Cost of goods sold Gross profit Net income Revenues Selling expenses Digital Vibe Manufacturing Company Score: 0/57 Income Statement For the Month Ended March 31 1 2 3 4 Operating expenses: 5 6 7 Total operating expenses 8 b. Using the information given, determine the inventory balances at the end of the first month of operations. Materials $ Work in process $ Finished goods $