GrandSlam Incorporated incurred the following costs during March: Selling expenses Direct labor Interest expense Manufacturing overhead, actual Raw materials used Administrative expenses During the month, 18,700 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: 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? $ 156,900 293,000 40,400 74,330 d. Prepare a traditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month was $1,033,000 and the company's effective income tax rate was 40%. Req A and B 491,000 118,800 Complete this question by entering your answers in the tabs below. Req C Req D GRANDSLAM INCORPORATED Absorption Income Statement For the month of March Prepare a traditional (absorption) income statement for Grand Slam for the month of March. Assume that sales for the month was $1,033,000 and the company's effective income tax rate was 40%. Note: Round "Average cost per unit" to 2 decimal places.

Granostam incorporated incurred the following costs during March: During the month, 18,700 units of product were manufactured and 11,900 units of product were sold, On March 1, Grandslam carried n inventories. On March 31, there wete no inventories for raw materlals 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 Morch. c. Calculate the difference between cost of goods manufactured and cost of goods sold. How wit this amount be reported in the financlal statements? d. Prepare a traditional (absorption) income statement for GrandSiam for the month of March. Assume that sales for the month was $1,033,000 and the company's effective income tax rate was 40%. Complete this question by entering your answers in the tabs below. Prepare a traditional (absorption) income statement for GrandSiam for the month of March. Assume that sales for the month was $1,033,000 and the company's effective income tax rate was 4046 . Nete: Round "Averaoe cost per unil" to 2 decimal places