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

Purchased $$270,000$ of materials.

Used $$194,400$ of direct materials in production.

Incurred $$486,000$ of direct labor wages.

Incurred $$194,400$ of factory overhead.

Transferred $$820,800$ of work in process to finished goods.

Sold goods for $$1,296,000.$

Sold goods with a cost of $$729,000.$

Incurred $$232,200$ of selling expense.

Incurred $$135,000$ of administrative expense.