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 $123,600 118,100 77,400 $ 85,600 145,300 Finished goods 81,200 During April Costs of raw materials purchased $118,600 Costs of direct labor 101,200 Costs of manufacturing overhead, 61,600 Sales revenues 358,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement.