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 $118,700$

Finished goods $77,400$

April $30$

Inventory balances

Raw materials $ $85,700$

Work in process $146,600$

Finished goods $80,900$

During April

Costs of raw materials purchased $ $119,200$

Costs of direct labor $101,300$

Costs of manufacturing overhead $62,600$

Sales revenues $352,000$

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.