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 Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $123,900 119,500 77,600 $85,900 146,700 81,500 $118,600 100,700 62,200 351,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Answer is not complete. 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 Uui eraWGIS III MIG LOVE UCIU 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 118,600 Raw materials available for use 242,500 Ending raw materials inventory (85,900) Direct raw materials used Direct labor 100,700 Manufacturing overhead 62,200 Total manufacturing costs 162,900 Beginning work in process inventory 119,500 Total work in process inventory 282,400 Ending work in process inventory (146,700) Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale Ending finished goods inventory Cost of goods sold 77,600 77,600 (81,500) Required A Required B > 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 Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues Required $123,900 119,500 77,600 $85,900 146,700 81,500 $118,600 100,700 62,200 351,000 a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Answer is not complete. 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