GrandSlam Incorporated incurred the following costs during March: Selling expenses $ 161,200 Direct labor 296,000 Interest expense 42,700 Manufacturing overhead, actual 150,740 Raw materials used 467,000 Administrative expenses 116,600 During the month, 19,400 units of product were manufactured and 11,900 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