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Maryville Inc. incurred the following costs during August: Raw materials used Direct labor Manufacturing overhead, actual Selling expenses Administrative expenses Interest expense $36,500 66,900 41,500

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Maryville Inc. incurred the following costs during August: Raw materials used Direct labor Manufacturing overhead, actual Selling expenses Administrative expenses Interest expense $36,500 66,900 41,500 24,780 23,320 9,700 During the month, 6,300 units of product were manufactured and 4,300 units of product were sold. On August 1, Maryville carried no inventories. On August 31, there were no inventories other than finished goods. Required: a. Calculate the cost of goods manufactured during August and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during August. 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 Maryville for the month of August. Assume that sales for the month were $225,931 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 Reqc Req D a. Calculate the cost of goods manufactured during August and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during August. (Do not round intermediate calculations.) a. Cost of goods manufactured Average cost per unit Cost of goods sold b.

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