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

April 1
Inventory balances
Raw materials	$	123,100
Work in process		118,100
Finished goods		76,200
April 30
Inventory balances
Raw materials	$	85,900
Work in process		146,300
Finished goods		81,700
During April
Costs of raw materials purchased	$	118,900
Costs of direct labor		101,100
Costs of manufacturing overhead		61,000
Sales revenues		360,000

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.