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

April 1
Inventory balances
Raw materials	$	123,800
Work in process		119,800
Finished goods		76,900
April 30
Inventory balances
Raw materials	$	86,500
Work in process		146,100
Finished goods		81,600
During April
Costs of raw materials purchased	$	118,800
Costs of direct labor		100,400
Costs of manufacturing overhead		61,300
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.