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. $123,500 118,400 77,500 April 1 Inventory balances Raw materials work in process Finished goods April 3e Inventory balances Raw materials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 86,300 145,000 81,400 $119,300 100, 800 62,700 354,000 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. 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 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 Required B > Next