Total operating expenses

Determine the inventory balances at the end of the first month of operations.

Sorensen Manufacturing Company

Inventory Balances

For the Month Ended January $31$

Inventory balances on January $31$:

Materials

$

Work in process

$

Finished goods

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Check My Work

a$.$ Use $"$f$,$ g$,$ h$,$ and $i"$ in preparing the income statement.

b$.$ Show the transactions in T accounts for materials, work in process, and finished goods.