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Grandslam incorporated incurred the following cost during March Selling expenses $158,600 Direct labor 286,000 interest expense 41,500 manufacturing overhead, actual 145,100 raw material used 479,000

Grandslam incorporated incurred the following cost during March Selling expenses $158,600 Direct labor 286,000 interest expense 41,500 manufacturing overhead, actual 145,100 raw material used 479,000 administrative expenses 121,400 During the month 19,000 units of product were manufactured and 140,300 units of product were sold On March 1. GrandSlam carried no inventories. On March 31 there were no inventories for raw materials olr wolrk in process. Required a. Calculate the cost of goods manufactured during March and average cost pr unit of product manufactured B. Calculate the cost of ggds sold during March. C. Calclate the difference between cost of goods manufacture and cost of goods sold how will this amount be reported in the financial statements? D. Prepare a traditional (absorption) income statement for GranSlam for the month of March Assume that sales for the month was 10,48,000 and the compay's effective income tax rate was 35%.

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