The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $49,400 of materials. b. Used $38,000 of direct materials in production. c. Incurred $56,800 of direct labor wages. d. Incurred $80,000 of factory overhead. e. Transferred $132,900 of work in process to finished goods. f. Sold goods for $237,600. g. Sold goods with a cost of $105,700. h. Incurred $60,800 of selling expense. i. Incurred $26,700 of administrative expense. Using the information given, complete the following