statement GrandSlam, Inc., incurred the following costs during March: Selling Expenses $25,340 Direct Labor $37,752 Indirect expense $7,135 Manufacturing OH, Actual| $32, 760 Raw Materials Used $61,464 Adm Expenses $19,675 Refinefthe month, 2,600 units of product were manufactured and 1,450 units of product were sold. On March 1, GrandSlam, Inc., arried no inventories. On March 31, there were raw materials or work in process. no inventories for . Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. Raw materials Direct labor Manufacturing overhead Cost of goods manufactured # # # Units Produced Unit Cost b. Calculate the cost of goods sold during March. Unit Cost Units Sold EGcalculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements? Cost of goods manufactured CGS Difference $58,374