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 $123,900 118,200 77,900 $ 86,100 146,800 Finished goods 80,700 During April Costs of raw materials purchased $120,000 Costs of direct labor 100,500 Costs of manufacturing overhead Sales revenues 62,300 354,000 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 Prepare a schedule of cost of goods manufactured and sold. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Beginning raw materials inventory $ 123,900 Purchases 120,000 Raw materials available for use Ending raw materials inventory Direct raw materials used 243,900 88,100 156,000 x Direct labor 100,500 Manufacturing overhead 62,300 Total manufacturing costs 318,800 Beginning work in process inventory 118,200 Total work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale Ending finished goods inventory Cost of goods sold 437,000 146.800 290,200 x 77,900 368,100 80,700 $ 287,400 Required A Required B > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 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 During April $123,900 118,200 77,900 $ 86,100 146,800 80,700 $120,000 100,500 Costs of manufacturing overhead Sales revenues 62,300 354,000 Costs of raw materials purchased Costs of direct labor 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 $ 19 x < Required A Required B >