The following information pertains to Jordan Manufacturing Company for March Year 3. Assume actual overhead equaled...

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The following information pertains to Jordan Manufacturing Company for March Year 3. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials Work in process Finished goods March 31 Inventory balances Raw materials Work in process Finished goods During March $123,600 119,200 77,600 $ 86,000 146,800 80,400 $118,100 101,000 Costs of manufacturing overhead Sales revenues 61,400 356,000 Costs of raw materials purchased Costs of direct labor 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. JORDAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March Year 3 Raw materials available for use Direct raw materials used 0 0 Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured 0 Cost of goods available for sale 0 Cost of goods sold $ 0 Required A Required B Calculate the amount of gross margin on the income statement. Gross margin < Required A Required B > The following information pertains to Jordan Manufacturing Company for March Year 3. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials Work in process Finished goods March 31 Inventory balances Raw materials Work in process Finished goods During March $123,600 119,200 77,600 $ 86,000 146,800 80,400 $118,100 101,000 Costs of manufacturing overhead Sales revenues 61,400 356,000 Costs of raw materials purchased Costs of direct labor 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. JORDAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March Year 3 Raw materials available for use Direct raw materials used 0 0 Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured 0 Cost of goods available for sale 0 Cost of goods sold $ 0 Required A Required B Calculate the amount of gross margin on the income statement. Gross margin < Required A Required B >