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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 Work in
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 $123,300 118,900 77,800 $ 85,400 145,100 Finished goods 80,600 During April Costs of raw materials purchased $119,600 Costs of direct labor 100,700 Costs of manufacturing overhead Sales revenues 62,200 355,000 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 Bahadde at stands Mandated and Cal
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