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 $124,900 119,100 76,400 $ 85,900 146,300 Finished goods During April 80,500 Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $118,900. 101,300 61,300 360,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Beginning raw materials inventory Raw materials available for use 0 Direct raw materials used Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured Cost of goods available for sale 0 Cost of goods sold Required A Required B Calculate the amount of gross margin on the Gross margin