Exercise 11-13A Cost of goods manufactured and sold LO 11-3 The following information pertains to Solomon Manufacturing Company for March 2019. Assume actual over overhead. $123,000 118,500 76,400 March 1 Inventory balances Raw materials Work in process Finished goods March 31 Inventory balances Raw materials Work in process Finished goods During March Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 85,000 146,900 80,100 $119,000 100,800 61,300 352,000 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. Required A Required B Prepare a schedule of cost of goods manufactured and sold. SOLOMON MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March 2019 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 A Required B Calculate the amount of gross margin on the income statement. Gross margin