The following Information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied...
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The following Information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $124,200 118,700 76, see April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 85,200 145,400 81,700 $119, eee 101, 7ee 61,700 354, eee 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 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 Raw materials available for use 0 Direct raw materials used Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured Cost of goods available for sale 0 Cost of goods sold Required A Required B >
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