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  3. the following events took place for lae manufactur

The following events took place for LAE Manufacturing Company during January 2016, the first month...

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Accounting

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The following events took place for LAE Manufacturing Company during January 2016, the first month of its operations as a producer of digital video monitors: a. Purchased $63,800 of materials b. Used $49,100 of direct materials in production c. Incurred $73,400 of direct labor wages. d. Incurred $103,400 of factory overhead e. Transferred $171,600 of work in process to finished goods. f. Sold goods with a cost of $136,500 g. Earned revenues of $306,900. h. Incurred $78,500 of selling expenses. i. Incurred $34,500 of administrative expenses

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