pped Book Hint Print ferences Mc Graw Hill Help The following information pertains to Fanning Manufacturing Company for March Year 3. Assume actual overhead equaled applied overhead. March 1 Inventory balances, Raw materials Work in process Finished goods March 31 $124,700 119,500 76,100 Inventory balances Raw materials Work in process Finished goods $ 85,300 145,500 80,100 During March Costs of raw materials purchased Costs of direct labor $118,700 101,600 Costs of manufacturing overhead Sales revenues 62,200 355,000 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. FANNING MANUFACTURING COMPANY 5 of 6 5 3.7 points Skipped eBook Hint Print References 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. FANNING MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March Year 3 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 0 0 0 0 0 0 Required B >