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The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials $ 1 2
The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead.
April
Inventory balances
Raw materials $
Work in process
Finished goods
April
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
Required
Prepare a schedule of cost of goods manufactured and sold.
Calculate the amount of gross margin on the income statement.
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