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

April 1
Inventory balances
Raw materials	$	123,900
Work in process		119,400
Finished goods		77,000
April 30
Inventory balances
Raw materials	$	86,000
Work in process		146,500
Finished goods		81,700
During April
Costs of raw materials purchased	$	119,800
Costs of direct labor		101,300
Costs of manufacturing overhead		62,600
Sales revenues		354,000

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 and sold. Calculate the amount of gross margin on the income statement