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

April 1
Inventory balances
Raw materials	$	123,200
Work in process		118,000
Finished goods		77,300
April 30
Inventory balances
Raw materials	$	85,200
Work in process		146,500
Finished goods		80,900
During April
Costs of raw materials purchased	$	119,700
Costs of direct labor		100,700
Costs of manufacturing overhead		61,800
Sales revenues		357,000

Required

a. Prepare a schedule of cost of goods manufactured and sold.

b. Calculate the amount of gross margin on the income statement.

Prepare a schedule of cost of goods manufactured and sold