GrandSlam Inc. incurred the following costs during March: Selling expenses Direct labor Interest expense Manufacturing overhead, actual Raw materials used Administrative expenses $161,700 303,000 41,900 166,290 468,000 122,700 During the month, 19,900 units of product were manufactured and 11,400 units of product were sold. On March 1, GrandSlam carried no inventories. On March 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 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. Prepare a traditional (absorption) income statement for Grand Slam for the month of March. Assume that sales for the month were $1,035,000 and the company's effective income tax rate was 30%. Req A and B Reqc Req D a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. (Round "Average cost per unit" to 2 decimal places.) b. Calculate the cost of goods sold during March. (Round "Average cost per unit" to 2 decimal places.) a. Cost of goods manufactured Average cost per unit Cost of goods sold b. Req A and B Reqc Req D Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements? (Round "Average cost per unit" to 2 decimal places.) Difference Amount will be reported in Req A and B Reqc Req D Prepare a traditional (absorption) income statement for Grand Slam for the month of March. Assume that sales for the month were $1,035,000 and the company's effective income tax rate was 30%. (Round "Average cost per unit" to 2 decimal places.) GRANDSLAM INC. Absorption Income Statement For the month of March 0 $ 0 $ 0 A 0 Reqc ReqD