The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $123,000 119,300 77,800 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 $ 85,300 145,900 80,300 $119,400 100, 200 61,600 357,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured and sold. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For April Beginning raw materials inventory $ 123,000 Purchases 119,400 Raw materials available for use 242,400 Ending raw materials inventory Direct raw materials used Direct labor 100,200 Manufacturing overhead 61,600 Total manufacturing costs 161,800 Beginning work in process inventory Total work in process inventory 161,800 Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale 0 Ending finished goods inventory Cost of goods sold Complete this question by entering your answers in the tabs below. Required A Required B Calculate the amount of gross margin on the income statement. Gross margin