Determine the amount of underapplied or overaapplied manufacturing overhead for the period Assuming that the entire amount of the underapplied or overapplied overhead is closed out to Cost of Goods Sold, what would be the effect of the underapplied or overapplied overhead on the company's gross margin for the period? Schedules of Cost of Goods Manufactured and Cost of Goods Sold; income statement [LO6] The following data from the just completed year are taken from the accounting records of Eccles Company: Required: Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Prepare a schedule of cost of goods sold. Prepare an income statement