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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 1
Inventory balances
Raw materials $124,800
Work in process 119,400
Finished goods 77,200
April 30
Inventory balances
Raw materials $85,800
Work in process 146,000
Finished goods 80,100
During April
Costs of raw materials purchased $119,400
Costs of direct labor 101,300
Costs of manufacturing overhead 61,400
Sales revenues 358,000
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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