mework Module 7 Chapters 13-14 Saved Help Sa Problem 13-27 (Static) Cost of goods manufactured, cost of goods sold, and income statement LO 4, 5, 7 Maryville Inc. incurred the following costs during August: points Skipped Raw materials used Direct labor Manufacturing overhead, actual Selling expenses Administrative expenses Interest expense eBook $33,100 65,200 44,800 26,700 19,400 9, 100 Print References During the month, 5,300 units of product were manufactured and 4,800 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 $244.800 and the company's effective income tax rate was 30% 2_Home