Please see question below.

The following information pertains to Flaxman Manufacturing Company for March 2018. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials $124, 200 Work in process 119,200 Finished goods 77, 80 March 31 Inventory balances Raw materials $ 86,900 Work in process 145, 300 Finished goods 81 , 000 During March Costs of raw materials purchased $119, 700 Costs of direct labor 101 , 600 Costs of manufacturing overhead 62, 000 Sales revenues 356, 000 Required a. Prepare a schedule of cost of goods manufactured and sold. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March 2018 Raw materials available for use Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for ale b. Calculate the amount of gross margin on the income statement. Gross margin