a. Purchased $290,000 of materials. b. Used $208,800 of direct materials in production....
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a. Purchased $290,000 of materials. b. Used $208,800 of direct materials in production. c. Incurred $522,000 of direct labor wages. d. Incurred $208,800 of factory overhead. e. Transferred $881,600 of work in process to finished goods. f. Sold goods for $1,392,000. g. Sold goods with a cost of $783,000. h. Incurred $249,400 of selling expense. i. Incurred $145,000 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company
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a. Purchased $290,000 of materials. b. Used $208,800 of direct materials in production. c. Incurred $522,000 of direct labor wages. d. Incurred $208,800 of factory overhead. e. Transferred $881,600 of work in process to finished goods. f. Sold goods for $1,392,000. g. Sold goods with a cost of $783,000. h. Incurred $249,400 of selling expense. i. Incurred $145,000 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company 