The following events took place for Sonensen Manufacturing Company during January, the first month of its operations as a producer of digial video moniers: a. Purchased $133,400 of materials. b. USad $94,980ot direct materia's in production. c. Incurred $180,320 of drect labor wages. d. Incured 5215.440 of Enctecy Gerhead. v. Transferred $425,880 of work in process to finished goods: 1. Soid goode for $645,000. 9. Sold goocs with a cost of \$358,750: h. Incured 585,120 of seling expense. 1. Incurred $71,400 of administrativerexpense. hoeme statement hamctors Sorensen Uarvaltang Compary boeme Bhieterney b. Using the intorminion given, deformine the inveritory baliances af the end of the first manth of operations. Materials Work in process Finished goods