The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $124,900 119,600 77,400 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 $ 85,700 146,400 80,600 $119,600 100,300 62,100 352,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Calculate the amount of gross margin on the income statement. Gross margin