StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: 4 points Raw materials Work in process Finished goods Beginning Inventory $28,400 22.000 78,400 Ending Inventory $26,600 46,00 68,600 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selline, general, and administrative expenses Sales revenue $ 40,400 1.800 63,700 36,400 24,300 236,900 Required: 1. Based on the above information, prepare a cost of goods manufactured report 2. Based on the above information, prepare an income statement for the month of March Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Requred 2 Based on the above information prepare...costa.cl a cost of goods manufactured report STORSMART COMPANY Cost of Goods Manufactured Renart Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare a cost of goods manufactured report STORSMART COMPANY Cost of Goods Manufactured Report For the Month of March IS Beginning Raw Materials Inventory Plus: Raw Material Purchases 28,400 40,400 1,800 26,600 Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials Used in Production Direct Labor 142,300 Manufacturing Overhead Applied $ 142,300 22,000 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Total Work in Process Less: Ending Work in Process Inventory Cost of Goods Manufactured $164,300 46,900 $ 117,400 Required Check my work mode: This shows what is correct or 1. Based on the above information, prepare a cost of goods manufactured report 2. Based on the above information, prepare an income statement for the month of March X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare an income statement for the month of March. STORSMART COMPANY Income Statement For the Month of March Sales Revenue $ 236,900 X 78,400 >IX Less: Cost of Goods Sold Manufacturing Overhead Plus: Cost of Goods Manufactured Less: Ending Finished Goods Inventory Cost of Goods Sold Gross Profit 117,400 68,800 127.000 109,900 24,300 x Selling, General, and Administrative Expenses Net Income (Loss) from Operations $ 85,600