torSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March:

	Beginning Inventory	Ending Inventory
Raw materials	$ 29,000	$ 26,200
Work in process	22,800	45,100
Finished goods	78,700	69,800

Additional information for the month of March follows:

Raw materials purchases	$ 40,400
Indirect materials used	1,300
Direct labor	62,000
Manufacturing overhead applied	36,300
Selling, general, and administrative expenses	24,000
Sales revenue	236,900

Required:

Based on the above information, prepare a cost of goods manufactured report.

Based on the above information, prepare an income statement for the month of March.

Based on the above information, prepare a cost of goods manufactured report.

StorSmart Company
Cost of Goods Manufactured Report
For the Month of March
Direct Materials Used in Production
Total Current Manufacturing Costs	$0
Total Work in Process	$0
Cost of Goods Manufactured

Based on the above information, prepare an income statement for the month of March.

StorSmart Company
Income Statement
For the Month of March
Less: Cost of Goods Sold
Cost of Goods Sold
Net Income (Loss) from Operations