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

April 1
Inventory balances
Raw materials	$	124,800
Work in process		118,100
Finished goods		77,600
April 30
Inventory balances
Raw materials	$	85,200
Work in process		146,700
Finished goods		80,300
During April
Costs of raw materials purchased	$	119,000
Costs of direct labor		101,100
Costs of manufacturing overhead		61,200
Sales revenues		355,000

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.

Prepare a schedule of cost of goods manufactured Calculate the amount of gross margin on the income statement