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The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhea April 1 Inventory balances Raw materials Work in
The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhea April 1 Inventory balances Raw materials Work in process Finished goods April 301 Inventory balances Raw materials Work in process $124,400 118,400 77,800 $ 85,400 145,100 Finished goods During April 81,100 Costs of raw materials purchased: Costs of direct labor $118,200 101,400 Costs of manufacturing overhead Sales revenues 62,300 358,000 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
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