Topic 5 assignment number 3

GrandSlam Incorporated incurred the following costs during March: During the month, 19,300 units of product were manufactured and 10,300 units of product were sold. On March 1, GrandSlam carried no inventories. On March 31, there were no inventories for raw materials or work in process. Required: a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during March. c. Calculate the difference between cost of goods manufa tured and cost of goods sold. How will this amount be reported in the financial statements? d. Prepare a traditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month was $1,046,000 and the company's effective income tax rate was 35%. Complete this question by entering your answers in the tabs below. a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. Note: Round "Average cost per unit" to 2 decimal places. c. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported financial statements? d. Prepare a traditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the mor $1,046,000 and the company's effective income tax rate was 35%. Complete this question by entering your answers in the tabs below. a. Calculate the cost of goods manufactured during March and the average cost per unit of product manufactured. Note: Round "Average cost per unit" to 2 decimal places. b. Calculate the cost of goods sold during March. Note: Round "Average cost per unit" to 2 decimal places. b. Calculate the cost of goods sold during March. c. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in th financial statements? . Prepare a traditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month $1,046,000 and the company's effective income tax rate was 35%. Complete this question by entering your answers in the tabs below. Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the financial statements? Note: Round "Average cost per unit" to 2 decimal places. Complete this question by entering your answers in the tabs below. Prepare a traditional (absorption) income statement for GrandSlam for the month of March. Assume that sales for the month was $1,046,000 and the company's effective income tax rate was 35%. Note: Round "Average cost per unit" to 2 decimal places. Prepare a traditional (absorption) income statement for GrandSlam for the month of Ma was $1,046,000 and the company's effective income tax rate was 35%. Note: Round "Average cost per unit" to 2 decimal places. Prepare a traditional (absorption) income statement for GrandSlam for the month was $1,046,000 and the company's effective income tax rate was 35%. Note: Round "Average cost per unit" to 2 decimal places. Prepare a traditional (absorption) income statement for GrandSlam for the was $1,046,000 and the company's effective income tax rate was 35%. Note: Round "Average cost per unit" to 2 decimal places. Prepare a traditional (absorption) income statement for GrandSlam for th was $1,046,000 and the company's effective income tax rate was 35%. Note: Round "Average cost per unit" to 2 decimal places