GrandSlam Incorporated incurred the following costs during March: Selling expenses $ 157,300 Direct labor 283,000 Interest expense 41,100 Manufacturing overhead, actual 61,600 Raw materials used 499,000 Administrative expenses 119,000 During the month, 18,500 units of product were manufactured and 11,100 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 statement