The following events took place for Video Wave Manufacturing Company

The following events took place for Video Wave Manufacturing Company

The following events took place for Video Wave Manufacturing Company

The following events took place for Video Wave Manufacturing Company during January 2016, the first month of its operations as a producer of digital video monitors:a. Purchased $133,800 of materials.b. Used $94,100 of direct materials in production.c. Incurred $184,480 of direct labor wages.d. Incurred $215,200 of factory overhead.e. Transferred $425,880 of work in process to finished goods.f. Sold goods with a cost of $360,000.g. Earned revenues of $664,000.h. Incurred $85,460 of selling expense.i. Incurred $71,800 of administrative expense.

 

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