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

April 1
Inventory balances
Raw materials	$124,300
Work in process	118,100
Finished goods	77,600
April 30
Inventory balances
Raw materials	$86,000
Work in process	145,300
Finished goods	81,400
During April
Costs of raw materials purchased	$118,200
Costs of direct labor	101,300
Costs of manufacturing overhead	61,200
Sales revenues	351,000

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.