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April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April
April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor $123,600 119,200 76,400 $ 85,300 146,100 81,500 $118,200 101,700 Costs of manufacturing overhead Sales revenues 62,000 352,000 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 Prepare a schedule of cost of goods manufactured and sold. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Raw materials available for use 0 Direct raw materials used Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured Cost of goods available for sale 0 Cost of goods sold
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