Exercise 11-13A (Algo) Cost of goods manufactured and sold LO 11-3 The following information pertains to Adams Manufacturing Company for March Year 3. Assume actual overhead equaled applied overhead. Required o. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Prepare a schedule of cost of goods manufactured and sold. ADAMS MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March Year 3 \begin{tabular}{|l|l|l|} \hline Raw materials available for use & & \\ \hline & & \\ \hline Direct raw materials used & & \\ \hline & & \\ \hline Total manufacturing costs & & \\ \hline & & \\ \hline Total work in process inventory & & \\ \hline Cost of goods manufactured & & \\ \hline Cost of goods available for sale & & \\ \hline \end{tabular} 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. Calculate the amount of gross margin on the income statement