Business, 28.01.2021 20:20 dunayahsu

The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a producer of digital video monitors: Purchased $168,500 of materials. Used $149,250 of direct materials in production. Incurred $360,000 of direct labor wages. Incurred $120,000 of factory overhead. Transferred $600,000 of work in process to finished goods. Sold goods for $875,000. Sold goods with a cost of $525,000. Incurred $125,000 of selling expense. Incurred $80,000 of administrative expense. Using the information given, complete the following: a. Prepare the March income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended March 31 $fill in the blank 954f04fee075ff2_2 fill in the blank 954f04fee075ff2_4 $fill in the blank 954f04fee075ff2_6 Operating expenses: $fill in the blank 954f04fee075ff2_8 fill in the blank 954f04fee075ff2_10 Total operating expenses fill in the blank 954f04fee075ff2_11 $fill in the blank 954f04fee075ff2_13

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