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

$$124,200$

$119,800$

$76,000$

$$86,900$

$147,000$

$80,800$

$$118,900$

$101,700$

$62,700$

$354,000$

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

For Apri