GrandSlam Incorporated incurred the following costs during March:

$\backslash$table$[[$Selling expenses,$159,800],[$Direct labor,$295,000],[$Interest expense,$41,600],[$Manufacturing overhead, actual,$123,100],[$Raw materials used,$492,000],[$Administrative expenses,$121,500]]$

During the month, $19,000$ units of product were manufactured and $10,400$ 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 manufactured 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 $$1,042,000$ and the company's effective income tax rate was $35\%.$

Complete this question by entering your answers in the tabs below.

Req A and $B$

freq $C$

Req D

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.

Difference

Y

Amount will be reported in