3 16.66 points E2-22 (Algo) Calculating Cost of Goods Manufactured and Sold and Preparing an Income Statement (LO 2-6] StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Book Print References Beginning Inventory Ending Inventory Raw materials Work in process $ 28,000 22,800 $ 25,100 46,200 Finished goods 78,800 69,000 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue Required: $ 41,700 1,100 62,900 36,000 24,400 236,000 1. Based on the above information, prepare a cost of goods manufactured report. 2. Based on the above information, prepare an income statement for the month of March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare an income statement for the month of March. StorSmart Company Check my