10.00 points StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Baginning Invantory Ending Inventory Raw materias Work in process Finished goods 29,900 22.800 9.200 25,600 45.900 09.300 Additional information for the month of March follows StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning nd end of March Raw materials purchases Indirect materials used Direct labor Manufacturing averhead applied Selling, general, and administrative expenses Sales revenue S 40.700 1.700 63.200 35.400 24.900 237.400 Required: 1. Based on the above information, prepare a cost of goods manufactured report. STOR SMART COMPANY Cost of Goods Manufactured Report For the Month of Marchh Beginning Rawr Matarials Invantory Plus: Raw Material Purchases Less: Indirect Material Used S 20,000 40.700 (1.700) (25.000) 43,300 83.200 35.400 Less: Ending Raw Materials Inventory Direct Materials Used in Production anufacturing Overhead Total Current Manufacturing Costs S 141,900 22.800 S 164,700 (45.900) 5 118.800 Plus: Beginning Work in Process Inventory Total Work in Prooess Less: Ending Work in Process Inventory Cost of Goods Manufactured 2. Based on the above information, prepare an income statement for the month of March SMAR Income Statement For the Month of March Less: Cost of Goods Sokd Cost of Goods Sold Net Income (Loss) from Operations