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

April 1
Inventory balances
Raw materials	$	124,600
Work in process		118,800
Finished goods		76,500
April 30
Inventory balances
Raw materials	$	85,400
Work in process		146,600
Finished goods		81,600
During April
Costs of raw materials purchased	$	119,400
Costs of direct labor		101,700
Costs of manufacturing overhead		63,000
Sales revenues		356,000

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.