Buck & Company incurred the following costs during August 42,220 60,720 90.170 31,150 14,870 6,342 Raw materials purchased Direct labor ($13.8 per hour) Manufacturing overhead (actual) Selling expenses Administrative expenses Interest expense Manufacturing overhead is applied on the basis of $21 per direct labor hour. Assume that overapplied or underapplied overhead is transferred to cost of goods sold only at the end of the year. During the month, 4,220 units of product were manufactured and 4,410 units of product were sold. On August 1 and August 31, Buck & Company carried the following inventory balances: August 1 August 31 $19,000 $17.100 52,600 57,300 40,30031,631 Raw materials Work in process Finished goods Required a-1. Prepare a statement of cost of goods manufactured for the month of August (Amounts to be deducted should be indicated by minus sign.) BUCK&COMPANY Statement of Cost of Goods Manufactured For the month of August Raw materials Raw materials available for use Cost of raw materials used Total manufacturing costs, August Cost of goods manufactured, August a-2. Calculate the average cost per unit of product manufactured. (Round your answer to 2 decimal places.) ost per unit b. Calculate the cost of goods sold during August c-1. Calculate the difference between cost of goods manufactured and cost of goods sold. (Round intermediate calculations 2 decimal places.) -2. How will this amount be reported in the financial statements? O Raw materials inventory O Finished goods inventory Work in progress inventory d. Prepare a traditional month were S287, 100 and the company's effective income tax rate was 38%. (absorption) income statement for Buck & Company for the month of August. Assume that sales for the BUCK&COMPANY Absorption Income Statement For the month of August