and end of March: Beginning Inventory Ending Inventory Raw materials $33,000 $22,000 Work in process 25,000 44,000 Finished goods 60,000 58,000 Additional information for the month of March follows: Required: Raw materials purchases $ 84,000 Indirect materials used 10,000 Direct labor 55,000 Manufacturing overhead applied 85,000 Selling, general, and administrative expenses 58,000 Sales revenue 450,000 Based on this information, prepare the following for StorSmart: 1. A cost of goods manufactured report. 2. An income statement for the month of March.