The following events took place for Technology Treasures Manufacturing Company during January, the first month...

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Accounting

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 $142,900 of materials.
b. Used $126,600 of direct materials in production.
c. Incurred $305,300 of direct labor wages.
d. Incurred $101,800 of factory overhead.
e. Transferred $508,800 of work in process to finished goods.
f. Sold goods for $742,000.
g. Sold goods with a cost of $445,200.
h. Incurred $106,000 of selling expense.
i. Incurred $67,800 of administrative expense.

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