es Saved He StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work in process Finished goods Beginning Inventory $28,200 21,600 78,200 Ending Inventory $25,900 46,300 68,600 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 $ 40,700 1,200 62,500 36,100 24, 200 237,600 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. STORSMART COMPANY 012 more CH 2 Exercises Saw Help Save 9 Complete this question by entering your answers in the tabs below. soints Required 1 Required 2 Based on the above information, prepare a cost of goods manufactured report eBook STORSMART COMPANY Cost of Goods Manufactured Report For the Month of March References Direct Materials used in Production Total Current Manufacturing Costs S 0 Total Work in Process $ 0 Cost of Goods Manufactured Required 2 > C aw II 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 es Less: Cost of Goods Sold Cost of Goods Sold Net Income (Loss) from Operations