The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $123,700 118,500 77,800 April 1 Inventory balances Raw materials Work in process Finished goods April 30 puentru Inventory balances now. Raw materials Work in process Finished goods in rin During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 85,900 146,700 81,400 $118,500 101,300 62,100 353,000 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 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 $ 123,700 Purchases 118,500 Raw materials available for use 242,200 Ending raw materials inventory (85,900) Direct raw materials used 156,300 Direct labor 101,300 Manufacturing overhead 62,100 Total manufacturing costs 319,700 Beginning work in process inventory 118,500 Total work in process inventory 438,200 Ending work in process inventory (146,700) Cost of goods manufactured 313,900 Beginning finished goods inventory 77,800 Cost of goods available for sale 391,700 Ending finished goods inventory (81,400) Cost of goods sold $ 310,300 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