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		119,100
Finished goods		76,500
April 30
Inventory balances
Raw materials	$	85,800
Work in process		145,700
Finished goods		80,800
During April
Costs of raw materials purchased	$	119,300
Costs of direct labor		101,700
Costs of manufacturing overhead		61,900
Sales revenues		353,000

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.