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. April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process $124,400 119,800 76,800 $ 85,000 145,600 Finished goods 80,900 During April Costs of raw materials purchased $119,500 Costs of direct labor 100,500 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. 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 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 0 Required A Required B < Prev 20 of 20- Next ped ook rint rences a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income stateme. Complete this question by entering your answers in the tab. Required A Required B Calculate the amount of gross margin on the income statement. Gross margin < Required A.