9 StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: 1 points Raw materials Work in process Finished goods Beginning Inventory $28,280 22,900 79,900 Ending Inventory $26,100 46,100 69,300 _ eBook Additional information for the month of March follows: References Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue $ 40, 100 1,100 63,500 35,600 23,600 236,900 Required: 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 a cost of goods manufactured report. STOR SMART COMPANY Cost of Goods Manufactured Report For the Month of March Direct Materials Used in Production Total Current Manufacturing Costs Total Work in Process Cost of Goods Manufactured 9 1 points StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March Beginning Ending Inventory Inventory Raw materials $28,200 $26,102 Work in process 22,980 46,100 Finished goods 79,900 69,300 eBook Additional information for the month of March follows: References Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue $ 40,100 1,100 63,500 35,600 23,600 236,900 Required: 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 Income Statement For the Month of March Less: Cost of Goods Sold Cost of Goods Sold Net Income (Loss) from Operations