Rundle Manufacturing Company began operations on January 1. During the year, it started and completed 1,750 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: 1. Raw materials purchased and used-$3,130. 2. Wages of production workers-$3,440. 3. Salaries of administrative and sales personnel-$1,950, 4. Depreciation on manufacturing equipment-$5,855. 5. Depreciation on administrative equipment-$1,830. Rundle sold 1170 units of product 5 Required a. Determine the total product cost for the year. b. Determine the total cost of the ending inventory. (Do not round intermediate calculations.) c. Determine the total of cost of goods sold. (Do not round intermediate calculations.) b Total product cost Total cost of ending inventory Total cost of goods sold The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $100,000 120,000 78,000 April 1 Inventory balances Raw materials Work in process Finished goods April 30 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 $ 60,000 145,000 80,000 $120,000 100,000 63,000 380,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. 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 bok "ences Raw materials available for use Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Raw materials available for use Direct raw materials used ces Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for sale Cost of goods sold Costs of manufacturing overhead Sales revenues 63,000 380,000 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 Calculate the amount of gross margin on the income statement. Gross margin