Cost of goods manufactured, cost of goods sold, and income statement Maryville. Inc., incurred the following costs during August:

Raw materials used.... .... $33100

Direct tabor 65200

Manufacturing overhead, actual 44800

Selling expenses 26700

Administrative expenses 19400

Interest expense 9100

Required:

During the month, 5300 units of product were manufactured and 4.800 units of product were sold. On August 1, Maryville Inc., carried no inventories. On August 31 there were no inventories other than finished goods.

a. Calculate the cost of goods manufactured during August and the average cost per unit of product manufactured.

b. Calculate the cost of goods sold during August.

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. (Optional) Prepare a traditional (absorption) income statement for Maryville. Inc., for the month of August assumes that sales for the month were $244800 and the company's effective income tax rate was 30%.