The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials. Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April $124,700 118,600 76,100 $ 86,100 145,600 80,700 Costs of raw materials purchased Costs of direct labor $118,700 100,900 Costs of manufacturing overhead Sales revenues 62,500 351,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Sold For April Beginning raw materials inventory $ 124,700 Purchases Raw materials available for use Ending raw materials inventory 118,700 243,400 86,100 210,800x Direct raw materials used Direct labor Manufacturing overhead Total manufacturing costs 210,800 Beginning work in process inventory Total work in process inventory 210,800 Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale 0