The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $124,100 119, 100 78,000 April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 85,900 146,000 80,700 $118,800 101,900 62,400 359,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured and sold. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Beginning raw materials inventory $ 124,100 Purchases 118,800 Raw materials available for use 242,900 Ending raw materials inventory 85,900 Direct raw materials used ox Direct labor 101,900 Manufacturing overhead 62,400 Total manufacturing costs 164,300 Beginning work in process inventory 119,100 Total work in process inventory 283,400 Ending work in process inventory 0 X Cost of goods manufactured 0 X Beginning finished goods inventory 0 X Cost of goods available for sale Ending finished goods inventory 80,700 Cost of goods sold $ 0 0 Required A Required B > Required A Required B Calculate the amount of gross margin on the income statement. Gross margin