GrandSlam, Inc., incurred the following costs during March:Selling expenses $ 159,900 Direct labor 305,000...

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Accounting

GrandSlam, Inc., incurred the following costs during March:Selling expenses $ 159,900 Direct labor 305,000 Interest expense40,400 Manufacturing overhead, actual 111,000 Raw materials used477,000 Administrative expenses 115,900 During the month, 18,800units of product were manufactured and 11,800 units of product weresold. On March 1, GrandSlam, Inc., carried no inventories. On March31, there were no inventories for raw materials or work inprocess.
Required:
Calculate the cost of goods manufactured during March and theaverage cost per unit of product manufactured. (Round"Average cost per unit" to 2 decimal places.)
Calculate the cost of goods during march, round to 2decimal places
Calculate the difference between cost of goods manufactured andcost of goods sold. (Round "Average cost per unit" to 2decimal places.)
Prepare a traditional (absorption) income statement forGrandSlam, Inc., for the month of June. Assume that sales for themonth were $1,045,000 and the company's effective income tax ratewas 30%. (Round "Average cost per unit" to 2 decimalplaces.)

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the cost of goods manufactured during March and the average cost per unit of product manufactured A Direct labor 305000 B Manufacturing overhead actual See Answer

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In: AccountingGrandSlam, Inc., incurred the following costs during March:Selling expenses $ 159,900 Direct labor 305,000 Interest...GrandSlam, Inc., incurred the following costs during March:Selling expenses $ 159,900 Direct labor 305,000 Interest expense40,400 Manufacturing overhead, actual 111,000 Raw materials used477,000 Administrative expenses 115,900 During the month, 18,800units of product were manufactured and 11,800 units of product weresold. On March 1, GrandSlam, Inc., carried no inventories. On March31, there were no inventories for raw materials or work inprocess.Required:Calculate the cost of goods manufactured during March and theaverage cost per unit of product manufactured. (Round"Average cost per unit" to 2 decimal places.)Calculate the cost of goods during march, round to 2decimal placesCalculate the difference between cost of goods manufactured andcost of goods sold. (Round "Average cost per unit" to 2decimal places.)Prepare a traditional (absorption) income statement forGrandSlam, Inc., for the month of June. Assume that sales for themonth were $1,045,000 and the company's effective income tax ratewas 30%. (Round "Average cost per unit" to 2 decimalplaces.)