GrandSlam Incorporated incurred the following costs during March:

During the month, $18,100$ units of product were manufactured and $12,000$ 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 GrandSlam for the month of March. Assume that sales for the month was

$$1,031,000$ and the company's effective income tax rate was $35\%.$

Complete this question by entering your answers in the tabs below.

Req A and $B$

a$.$ Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured.

Note: Round "Average cost per unit" to $2$ decimal places.

b$.$ Calculate the cost of goods sold during March.

Note: Round "Average cost per unit" to $2$ decimal places.

a$.$ Cost of goods manufactured

a$.$ Average cost per unit

b$.$ Cost of goods sold