The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials $ 123,700 Work in process 118,400 Finished goods 77,900 April 30 Inventory balances Raw materials $ 86,200 Work in process 145,300 Finished goods 81,900 During April Costs of raw materials purchased $ 118,600 Costs of direct labor 101,500 Costs of manufacturing overhead 61,400 Sales revenues 360,000 Required Prepare a schedule of cost of goods manufactured and sold. Calculate the amount of gross margin on the income Statement

Prepare a schedule of cost of goods manufactured FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ For April } \\ \hline & \\ \hline Raw materials available for use & \\ \hline & \\ \hline Direct raw materials used & \\ \hline & 0 \\ \hline Total manufacturing costs & \\ \hline & \\ \hline Total work in process inventory & \\ \hline & \\ \hline Cost of goods manufactured & \\ \hline & \\ \hline Cost of goods available for sale & \\ \hline & \\ \hline Cost of goods sold & \\ \hline \hline \end{tabular}