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The following events took place for Technology Treasures Manufacturing Company during January, the first month of its operations as a producer of digital video monitors:
The following events took place for Technology Treasures Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $43,500 of materials b. Used $33,500 of direct materials in production. C. Incurred $50,000 of direct labor wages. d. Incurred $70,500 of factory overhead. e. Transferred $117,000 of work in process to finished goods. f. Sold goods for $209,200. g. Sold goods with a cost of $93,100. h. Incurred $53,500 of selling expenses. i. Incurred $23,500 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Technology Treasures Manufacturing Company. Technology Treasures Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses: Total onerating eynenses
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