7 pints eBook GrandSlam Incorporated incurred the following costs during March: Selling expenses Direct labor Interest expense Manufacturing overhead, actual Raw materials used Administrative expenses During the month, 3,900 units of product were manufactured and 2,200 units of product were sold. On March 1, Grand Slam carried no inventories. On March 31, there were no inventories for raw materials or work in process. $ 31,675 56,628 Required: a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during March. c. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements? 8,213 40,950 92,196 24,600 d. Prepare a traditional (absorption) income statement for Grand Slam for the month of March. Assume that sales for the month was $207,060 and the company's effective income tax rate was 35%. Req A and B Complete this question by entering your answers in the tabs below. Req C Req D UNA a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. Note: Round "Average cost per unit" to 2 decimal places. b. Calculate the cost of goods sold during March. Note: Do not round intermediate calculations. Show less A

GrandSlam Incorporated incurred the following costs during March: During the month, 3,900 units of product were manufactured and 2,200 units of product were sold, On March 1, GrandSlam carried inventories. On Morch 31, there were no inventories for raw materials or work in process. Required: a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufoctured. b. Calculate the cost of goods sold during March. c. Calculate the difference between cost of goods manufoctured and cost of goods sold. How will this amount be reported in the financial statements? d. Prepare o traditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month was $207,060 and the company's effective income tax rate was 35%. Complete this question by entering your answers in the tabs below. a. Catculate the cost of goods manufactured during March and the averege cost per unil of proctuct manufoctured. Notei hound 'Average cost per unut" to 2 decimai ploces. b. Colculate the cost of goods sold during March. Whote Do not round intermed atie calculatons. Required: a. Caiculate the cost of goods manufoctured during March and the average cost per unit of product manufoctured. b. Cliculate the cost of goods sold during March. c. Calculate the difference between cost ot goods manufactured and cost of goods sold. How will this amount be reponted in the financial statements? d. Prepare a tradivional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month was $207,060 and the company's effective income tox rate was 35%. Complete this question by entering your answers in the tabs below. 1. Celiculate the cost of goods manufactured during March and the average cost per unit of product manufactured. Note: Adound "Average cost pet unit" to 2 decimaif plbcet. b. Calculate thet cost of goods sold during March. Ficte. Do rot round intermediate cakulatione Required: a. Colicutate the cost of goods manufactured during March and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during March. c. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements? d. Prepore a troditional (absorption) income statement for GrandSiam for the month of March, Assume that sales for the month was $207,060 and the company's effective income tax rate was 35%. Complete this question by entering your answers in the tabs below. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements? Note: Do not round intermediate calculations nnanciat spatementst Prepare a fraditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month was $207,060 and the company's effective income tax rate was 35%. Complete this question by entering your answers in the tabs below. Prepare a traditional (absorption) income statement for GrandSpom for the month of Morch. Assume that sales for the month Was $207,060 and the company's effective income tax rate was 35%