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

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Accounting

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 118,700
Finished goods 77,400
April 30
Inventory balances
Raw materials $ 85,700
Work in process 146,600
Finished goods 80,900
During April
Costs of raw materials purchased $ 119,200
Costs of direct labor 101,300
Costs of manufacturing overhead 62,600
Sales revenues 352,000
Required
Prepare a schedule of cost of goods manufactured and sold.
Calculate the amount of gross margin on the income statement.
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