6 Exercise 10-14A (Algo) Cost of goods manufactured and sold LO 10-5 The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. ts Bool $124,300 119,700 76,800 Peferences April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Rasteriais Work in process Finished goods During April Conta of raw materials purchased costs of direct labor Costs of manufacturing overhead Eles revenue $ 16,200 145,200 10.900 5119,900 100,500 62,700 355,000 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 Required B Prepare a schedule of cost of goods manufactured and sold FLAXMAN MANUFACTURING COMPANY Me Graw Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured and sold, FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and sold For April Beginning raw materials inventory $ 124,300 Purchases 119,900 Raw materials available for use 244,200 Ending raw materials inventory 86.200 Direct raw materials used 158,000 Manufacturing overhead 62,700 220,700 119,700 340,400 145,200 Total manufacturing costs Beginning work in process inventory Total work in process inventory Ending work in process inventory Cost of goods manufactured teginning finished goods inventory Cost of goods available for sale Ending finished goods inventory Cost of goods sold 70,000 76,800 80,000 Required B 119.00 76,800 Finished goods April 30 Inventory balances Raw materials Work in process Pinished goods During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 86,200 145,200 80,900 $119,900 100,500 62,700 355,000 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