April 1
Inventory balances
Raw materials	$	124,200
Work in process		119,100
Finished goods		76,100
April 30
Inventory balances
Raw materials	$	86,400
Work in process		146,400
Finished goods		81,200
During April
Costs of raw materials purchased	$	119,300
Costs of direct labor		100,600
Costs of manufacturing overhead		61,700
Sales revenues		350,000

Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. 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. Calculate the amount of gross margin on the income statement. Prepare a schedule of cost of goods manufactured and sold