GrandSlam Incorporated incurred the following costs during March:

Selling expense $ 155,600

Direct labor 302,000

Interest expense 42,400

Manufacturing overhead, actual 166,200

Raw materials used 463,000

Administrative expenses 115,300

During the month, 19,200 units of product were manufactured and 10,600 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: Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. Calculate the cost of goods sold during March. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statemen