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 $124,500 119,400 77,600 $ 85,400 146,500 80,900 Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor $120,000 101,200 62,900 351,000 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. Required A Required B Prepare a schedule of cost of goods manufactured and FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Raw materials available for use Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for sale |Cost of goods sold Required A Required Calculate the amount of gross margin on the inco Gross margin