10 points eBook The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances. Raw materials Work in process $123,500 119,000 77,400 $ 85,700 146,400 References Finished goods 81,900 During April Costs of raw materials purchased Costs of direct labor $118,400 100,100 Costs of manufacturing overhead Sales revenues 61,000 351,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Activate Win 3 FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April 10 10 points eBook Print References Raw materials available for use Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for sale Cost of goods sold 3 During April Costs of raw materials purchased $118,400 Costs of direct labor 100,100 Costs of manufacturing overhead. Sales revenues 61,000 351,000 10 points eBook Print References Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the Income statement. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the amount of gross margin on the income statement. Gross margin < Required A Required B