The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead.

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.

April1InventorybalancesRawmaterialsWorkinprocessFinishedgoodsApril30InventorybalancesRawmaterialsWorkinprocessFinishedgoodsDuringAprilCostsofrawmaterialspurchasedCostsofdirectlaborCostsofmanufacturingoverhead$124,100119,60077,600$86,200146,40080,200$119,900101,20061,700359,000 FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Gross margin