Maryville, Inc., incurred the following costs during August:

Raw materials used	$	30,400
Direct labor		50,500
Manufacturing overhead, actual		40,100
Selling expenses		25,130
Administrative expenses		20,670
Interest expense		10,000

During the month, 5,500 units of product were manufactured and 4,000 units of product were sold. On August 1, Maryville, Inc., 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-1. Calculate the difference between cost of goods manufactured and cost of goods sold.

c-2. How will this amount be reported in the financial statements?

	Finished goods inventory
	Work in progress inventory
	Raw materials inventory

d. Prepare a traditional (absorption) income statement for Maryville, Inc., for the month of August . Assume that sales for the month were $232,371 and the company's effective income tax rate was 30%.