The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances. Raw materials Work in process Finished goods $124,100 119,500 77,100 $86,100 145,600 80,300 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. $119,600 101,300 62,500 352,000

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