The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials $ 123,700 Work in process 118,800 Finished goods 77,900 April 30 Inventory balances Raw materials $ 85,200 Work in process 145,800 Finished goods 81,500 During April Costs of raw materials purchased $ 119,100 Costs of direct labor 101,100 Costs of manufacturing overhead 62,000 Sales revenues 356,000 Required Prepare a schedule of cost of goods manufactured and sold. Calculate the amount of gross margin on the income