The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied April 1 Inventory balances. Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods $124,300 118,100 76,100 $85,100 145,900 80,200 During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement $119,500 101,200 61,800 358,000

The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled appliec Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement Prepare a schedule of cost of goods manufactured and sold. 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. Calculate the amount of gross margin on the income statement